Development after Statism

How can industrial production be managed without the guidance of the state? Adnan Naseemullah discusses industrial development in a new era of drastically constricted state capacity from the perspective of the manufacturing firm. India''s manufacturing economy has been growing after state promotion has receded. How then does Indian manufacturing develop in this context? Naseemullah argues that Indian firms must create production structures themselves investing in networks of capital and labor without signals from above. Depending on manufacturers'' backgrounds these relationships are based either on formal rules or through personal ties creating a patchwork of institutions that crosscut region and sector. As a result many firms have been able to regain some certainty for investment but at the cost of national coherence and the possibility of broader transformation. As a mirror case this book also explores Pakistan''s industrial trajectories in which similar dynamics suggest the broader applicability of this framework.