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Working Papers | 1993

Psychology and the Challenge of the Postmodern Condition

Giri Ananta

We are living in the midst of very fundamental processes of transformation which are global in nature and which touch almost all the domains of our lives, transforming both the contours of our lives and the horizons of our culture. Postmodernism refer to those processes of transformation, which challenge the discourse and organization of modernity, and which strive to create a more meaningful world for the human beings. Postmodernism not only challenges the way we imagine state and society, self and subjectivity in our contemporary world, it is also challenges the way we construct our sciences and the methods we use to make sense of the human condition. The present paper briefly describes the processes of postmodern transformation and then their implication for the way we imagine issues in psychology.

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Working Papers | 1993

Indian Economic Forecast: 1 September, 1993

Rastogi A B

Is 1993-94 a reform holiday to build a consensus in the country and a stronger political resolve to undertake a fresh EFF form 1994-95? A battery of committees suggests that, though the government has postponed the EFF negotiations until after the 1993-94 budget, the government is going to announce further reforms in the trade sector and political commitment to reforms. The Government's balancing act of stimulating economic activity and pursuing structural reform, coping with political tensions means that economy has gone into a transition phase. Notwithstanding the decline in the pace of reforms a 'silent revolution' in attitude towards a market friendly economic system is taking place in India.

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Working Papers | 1993

Human Development 1993 - Where do We Go From Here?

T. V. Rao

The UNDP Human Development Report of 1993 ranks India 134 out of a total of 173 countries. This raises serious questions about India's human development policies and procedures. This paper attempts to examine India's position in relation to other Asian countries on different dimensions of human development. Particularly literacy, life expectancy, science and technological capabilities, women's development are included in this comparison. On the basis of an examination of the experiences of other countries a number of strategies are drawn. The strategies drawn here are based on a survey of literature carried out by the author at the Institute of Development Studies, University of Susses, England and supported by the Commonwealth Secretariat, London.

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Working Papers | 1993

The Attribution Process in Person Perception: An Attributional Analysis of Success and Failure

Muncherji Nina B

How can we understand an individual? To understand him, there are several different sources of information, for e.g. his physical characteristics or collecting information indirectly through his friends and acquaintances, or else we may observe his over actions. Attribution refers to the process through which we seek to understand others' major traits and the causes behind their behaviour. Here an attempt has been made to study the causal attribution for services and failure of 37 Middle Management Executives with regard to a particular situation and to find out whether self serving Bias' is found within the group.

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Working Papers | 1993

On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy

Lahiri Somdeb

The main purpose of this paper is to formalise the concept of a compromise function. Subsequently, given a compromise function, we define a voting equilibrium and prove the existence of such an equilibrium. Finally, we close our analysis by showing that under some assumptions a voting equilibrium is Pareto optimal.

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Working Papers | 1993

When AAA Means B: The State of Credit Rating in India

Ragunathan V and Jayanth R. Varma

As in many other countries, India five year old credit rating industry has grown rapidly amidst persistent doubts about the quality of the rating service. This paper evaluates the ratings given by India leading credit rating agency, CRISIL. We find that CRISIL ratings are not only too liberal by international standards but also internally inconsistent. We argue that to improve the quality of credit rating in India, there must be more competition; credit rating must be opened up to the private sector; and raters must provide unsolicited ratings.

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Working Papers | 1993

Structural Features of Indias Financial System: 1980-92

Rastogi A B and Ghose Amitabha

The objective of this paper is to provide a concise description of the Indian Financial System from macro-economic perspective. The study analyses the evolution and interrelations of the financial system using the flow of funds framework and other tools of financial planning. The Financial intermediation by the banking sector waned a little as other financial companies gained importance in the economy. However, new assets, deposits and credits outstripped the growth rate of the economy.

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Working Papers | 1993

Structural Determinants of Openness of Economies: The Conceptual Basis and Cross-Sectional Evidence

Sebastian Morris

This study argues that structural factors – principally population per capita income and population density – can explain a significant proportion of the variation in openness defined as (exports + imports)/gross national production. It also provides a conceptual and theoretical basis for the form of the function that explains openness. Spatial theories of order in the location of economic activities – the ideas of Christaller and Losch – which have found much support in studies of geographers, and other empirical findings of spatial order viz., the famous rank size rule of cities' populations, and the equally famous 'gravity-model' of spatial interaction, can all be used fruitfully to understand openness. They explain why openness is inversely related to population sizes, and more generally the functional form of the structural dependence. Biometricians in the early part of this century had used allometric growth models to understand the form and growth of organisms, across not too distant species. Use of the allometric model to the problem of trade openness only calls for recognising the economy as having a structure and therefore as being more than a collection of producers and consumers; and simple assumptions about the economy's principal characteristics. Given this structural determination of openness we are able to explain the long standing puzzle of Tarshis that smaller countries, but not smaller regions within a nation, would tend to show greater economic stability. Out study would also call for re-examination of many of the studies linking growth to trade openness, especially those conducted in a cross-sectional framework: We would contend that the measure of the openness that is induced by policy (and other non-structural factors) would have to be proxied not by revealed openness as such, but by the same adjusted for the structural component.

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Working Papers | 1993

Bases of Work Motivation in Development Societies: A Framework for Performance Management

Misra Sasi B and Kanungo R N

In this essay authors endeavored to analyse and understand variables that adversely affect level of motivation and performance of people within work organizations in developing societies. The authors analyse and identify the endogenous and the exogenous variables affecting worker motivation. With respect to exogenous variables, it is apparent that employees, owing to enduring influences of past socialization, bring with them habits, norms, and expectations that guide their behaviours at work place. It is this cultural baggage they carry that is stubbornly resistant to change. This has to be accepted as given while attempting to improve employee motivation and performance. It is the set of endogenous organizational variables that need to be looked at more carefully for identifying action levers for improving worker motivation and performance. These action levers have to be designed in such a way that they become compatible with the socio-cultural norms of the employees. With particular reference to Indian organizations, we have formed these into the following imperatives. 1. The management ought to be guided by the dictum: “Labour is an investment” and develop an organizational culture that values and promotes human resource as an important asset. Top management must demonstrate a commitment to establish such a culture with proactive policies in human resource management areas such as recruitment, training, placement, job design, supervision etc. It is not enough to remain merely at the level of pious pronouncements, but to go further in demonstrating that pronouncements are translated into actions. Establishment of a culture that values human asset will go a long way in enhancing employee self-esteem and loyalty. 2. The management must undertake systematic manpower planning, evolve recruitment criteria and procedures based on behaviourally and/or skill anchored job analysis. 3. With respect to tasks, job definitions should be unambiguous and performance standards clear. Such job clarity would be welcome by the employees who belong to a culture high on uncertainty avoidance (Ho fstede, 1980). 4. Rewards, financial or otherwise, should be valued and must be perceived as based on performance. Perhaps there is no hitch in acknowledging this principle. But most organizations have far to go in implementing them. We have alluded to several management practices such as time-based compensation, inadequate performance appraisal etc. that hinder reward – performance contingency and equity in the Indian context. Such practices have to change if management wants organizational rewards to have motivational effects. What is needed is a systematic evaluation of both compensation and appraisal systems on the basis of two criteria culture congruence and motivational effectiveness. On the basis of such evaluation, the systems can then be redesigned to ensure that whatever rewards are offered by the organizations are needed and valued by employees, and perceived as equitable and are contingent on performance desired by the organizations. 5. Finally, appropriate supervisory support and guidance are necessary for the employees to be motivated to perform. Mendonca and Kanungo (1990) have proposed several concrete organizational interventions for effective performance management in developing countries. They also suggested that in the Indian context the manager must adopt a nurturant-task leadership style (Sinha 1980, 1990) which is congruent with the employees familial and cultural values.

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Working Papers | 1993

On a Theorem due to Sobel

Lahiri Somdeb

In this paper we prove that any bargaining solution to group decision problems which satisfies individual rationality, strong symmetry, efficiency and strong improvement sensitivity also satisfies mid-point domination.

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