Recent acceleration of the Indian economic growth rate from 6 to 8 per cent has sparked worldwide speculation that India is about to catch up with China and become another Asian miracle economy. Economic Reform in China and India examines this prospect, reviewing the development strategies pursued by the two countries over the last 50 years in general and exploring recently introduced reform measures in particular.
The culmination of many years of research by specialists in these economies, this book assesses the performance of China and India at both macro and sectoral levels (including economic, social, political and environmental aspects). It illustrates the reasons why China has outperformed India in the past and identifies the obstacles that India will face in its attempts to catch up with China.
Providing solutions for China and India that can be applied to other developing countries, this book will be invaluable for researchers, academics and students focussing on economic development and Asian studies. It will also receive much attention from investors and government analysts interested in the strategic implications of the emergence of the two Asian economic giants.
The New Strategy Which China Has Pursued Since The End Of The 1970S Is Sure To Effect A Total Transformation Of Not Just Its Economy But Also Of Its Very Identity.
This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies ...
Thus, it is interesting to know the comparative views of the growth stories of the two countries to see where they are heading. The volume brings together some of the most influential scholars in development economics from India and China.
Academics, students, the media and the public have been increasingly drawn to China and India in recent years.
China and India: Economic Reform and Global Integration
This book incorporates select papers presented at the two day seminar titles Economic Reforms in India and China.
W. Arthur Lewis constructed a theory based on a two-sector model of economic growth with an unlimited supply of labor in the agricultural sector (Lewis 1954). Surplus labor, in the industrial ...
U.S. Foreign Policy and TheUSSR, China, and India Richard Edward Feinberg, John Echeverri Gent, Friedemann MÃ1⁄4ller. to be significantly bolder in expressing displeasure with events in China and in pressing that country to undertake ...
The United States must reexamine central tenets of its foreign policy if it is to seize the opportunities presented by these changes.This pathbreaking volume in the Overseas Development Council's series analyzes economic reform in the ...
Economic Reform and Privatisation: Russia, China and India