PrefaceAcknowledgementsChapter 1: IntroductionIntroductionThe Impact of LPG on South Asian Countries: A Brief Literature ReviewIndicators of DevelopmentOrganization of the ChaptersChapter 2: Revisiting Wagner's Law, P-W Hypothesis and Structural Break Wagner's LawThe Peacock-Wiseman Hypothesis (The Displacement Effect Hypothesis) and the Related StudiesThe P-W Hypothesis and the Rationale of Interpreting It as a Theory of Structural BreakMethodological Issues in Testing the P-W HypothesisTime versus Per Capita IncomeConclusions about the P-W Hypothesis'Global' (Major) versus 'Non-Global' Social UpheavalA Critical Re-examination of Wagner's Law and the P-W HypothesisChanges in the Economic Policies and Assessment of Its ImpactThe Objective of the Present Study and the MethodologyChapter 3: Liberalization, Privatization and Globalization (LPG) in the SAARC Countries in Historical PerspectiveThe Inception of SAARC: A Brief BackgroundLiberalization, Privatization and Globalization in SAARC Countries: A Brief Literature ReviewA Brief Historical Background of the Indian Subcontinent and Economic LiberalizationAn ObservationChapter 4: Impact of LPG on the Growth of Development IndicatorsIntroductionSection IGraphical Analysis with Respect to Policy ChangeA Concluding RemarkSection IIThe Trend AnalysisChapter 5: Determinants of Development Indicators in the Post LPG EraIntroductionThe Objectives and the Rationale of Determinant StudyFindingsA Comparison of the Determinants of the Development Indicators across the SAARC CountriesChapter 6: Summary and ConclusionsConclusions on Wagner's' Law and P-W HypothesisGrowth of Macro-variables and Impact AssessmentThe SAARC CountriesThe Summary of the Empirical Findings: A Concluding RemarkLimitation of the StudyAppendices: Tables and Statistical OutputBibliographyIndex.