Mosaics of manufacture: understanding industrial variation in South Asia

How might we characterize and explain industrial variation within developing economies? The strategies of manufacturers in India and Pakistan exhibit this variation within countries, sub-national units, and sectors. I argue that, far from being driven by the incentives of state institutions, the practices of industrial firms are driven by the social orientation of industrialists. I demonstrate the presence of variation and explain the dichotomy primarily through empirical research on firms in the pharmaceutical industry, as a least likely case for variation.