South Asia and the Asiatic Mode of production: Some conceptual and empirical problems

Abstract

The resurgence of dialectical sociology has stimulated a renewed interest in the investigation of political and economic developments in third world countries with the aid of Marxist paradigms. In this connection a substantial volume of literature has been produced recently, mostly by western scholars, on Marx's definition of the Asiatic Mode of Production (AMP) or its related genre, such as Oriental Despotism. Hopefully the revival of this interest will open up lines of investigation hitherto ignored or inadequately developed. At the same time numerous difficulties arise on the theoretical, empirical and ideological levels when one attempts to explain the dynamics of change in countries and regions of South Asia with the above mentioned concepts in mind.     

The terrorists' dilemmas: Some implicit rules of the game 1

Abstract

Knowledge of certain dilemmas faced by terrorists may serve to narrow the options available to the opposing parties and aid in varying government response to terrorist acts. Such dilemmas are the identification with violence, the problem of attacking or seeking a negotiated incident, choice of level of terror, maintenance of one's objectivity within a group characterized by conformity, and retaining one's identity as a historic victim.     

Financial market liberalisation in LDCs: The incidence of risk allocation effects of interest rate increases

’High’ deposit interest rates are central to the financial liberalisation argument. The article investigates the relatively neglected issue of who must pay. Two issues are stressed. If loan charges increase the incidence falls on (typically), highly geared businesses and overall financial saving may not rise as claimed. Second, although loan charges need not increase (and enhanced credit availability may compensate borrowers if they do), the financial risks of banks increase. These risks are pertinent to monetary policy and may force actions contrary to the liberalisation approach. Institutional developments to foster the supply of risk‐bearing capital are emphasised in conclusion.     

Rent seeking and hidden in-kind resource distortion: Some empirical evidence

We wish to thank John Jackson, Robert Hebert, Gordon Tullock and an anonymous referee for helpful comments on earlier draft of the paper.