Abstract:
Economic imbalances and social disparities are a common feature of developmenteconomies, particularly those which have historical antecedents of colonial rule. The study ofregional imbalances is given focus especially to Southeast Asian countries owing to its renewedimportance in the global order. Post independent India had to tackle with several problems at theoutset, regional imbalance and economic disparities being a major area. West Bengal, heralded asthe second best industrial area has faced steep decline in the last decade, owing to the three foldreasons of unplanned government measures, policies lacking vision, along with lack of an idealindustry friendly environment. The worst hit is the North 24 parganas Howrah belt, popularly knownas the industrial hub supplying heavy metals. There have been steep backwash effects after twodecades of spread effects in this region, which once saw many big scale industries, ancillaries,townships and infrastructure built around them. A case study of Jessop and Company Limited hasbeen done to exemplify the point analyzing the reasons for decline of Industries in WB, the regionaldisparities of the area vis-à-vis other regions, migration and the socio economic conditions of theJessop workers at present.
Machine summary:
Emerging Patterns of Disparities in Industrialization in the state of West Bengal; A Macro- Economic Analysis with Case Study Research of Jessop India Limited Sujata Mukhopadhyay1 Assistant Professor and Head of Dept.
A case study of Jessop and Company Limited has been done to exemplify the point analyzing the reasons for decline of Industries in WB, the regional disparities of the area vis-à-vis other regions, migration and the socio economic conditions of the Jessop workers at present.
regional imbalance, unplanned government measures, backwash effects, spread effects, ancillaries, Jessop and Company ltd Introduction Regional imbalance due to economic disparities is the most challenging area in the discourse of developing nation states globally.
At one point of time, the spread effects exceeded the adverse backwash effects of Jessop Company India Limited, but after a few decades the industrial growth along this region including North 24 Parganas, Howrah and Hooghly districts together started showing sign of depression, with diminishing returns year after year.
The Jessop Company is a perfect example of how spread effects and backwash effects takes place in the context of a developing economy in a span of half a decade, and how this imbalance creates migration and other agitations in the socio-cultural milieu.
Subsequent studies have proved that there was huge backwash effects in Dum Dum and Howrah areas, where workers migrated to other states where the government policies and wage structure was better.