Brian

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Like Korea or Taiwan, India should have made the switch toward exports and a more open economy in the early 1960s. But because the protected Indian domestic market was large, at least relative to that of the typical late developer, firms were perfectly happy exploiting their home base despite government attempts to encourage exports.
Brian
india failed to turn to exports because of relatively large domestic market (didn't strictly need to turn to foreign markets). industry suffered from protectionism against imports an didn't have incentives to improve by needing to compete globally (imports restricted but also other local enterprises suppressed to avoid competing with state firms)
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Fault Lines: How Hidden Fractures Still Threaten the World Economy
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