Just after India's independence fifty years ago, the government adopted a policy of economic nonalignment.  Twenty-five years later, a policy of self-reliance was embraced.  Neither path has resulted in realizing the vast potential of this nation rich in resources, both physical and human.

In an era of global deregulation, liberalization of trade and investment, India once again faces a choice.  Should existing policies and practices continue, with the risk of further marginalization in a rapidly changing global economy?  Would it be more advantageous to align with one of the emerging regional trading blocs (e.g., American, European Union, Asian); and, if so, which bloc really needs or wants India? Are there other options? Which path should India actively pursue?

Jagdish Sheth, one of the world's most respected authorities on marketing management, corporate strategy, and economic development, returns to UIUC where he was on the faculty from 1969 to 1984.

Cosponsored by: College of Commerce and Business Administration, Department of Advertising, Department of Business Administration, Department of Economics, Program in South and West Asian Studies, Program in Arms Control, Disarmament and International Security, Indian Cultural Society, Indian Students Association