Description: Foreign capital can catalyze economic growth in developing countries but can also be a vehicle for extraction. Jason Jackson shows how Indian officials have navigated this terrain, developing moral discourses and economic policies that favor firms--both foreign and domestic--seen as investing in industrial transformation and societal modernization.
Brief description: Jason Jackson is Associate Professor of Political Economy and Director of the Political Economy Lab at the Massachusetts Institute of Technology.
Review Quotes: Erudite and original. Jason Jackson argues that economic policymaking in India is influenced by a moral economy favoring 'modern' capitalists--those seen as likely to grow industries and develop opportunities at home. This is a must-read for both students of Indian political economy and those interested in how ideas shape economic policymaking more broadly.--Atul Kohli, coauthor of Democracy and Inequality in India