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Economic Growth in India and China: A Comparative Study, Volume 1

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Ever since the processes of globalization and liberalization were set in motion worldwide at the beginning of the 1990s, the focus and the debate shifted to India and China. Most importantly these two Asian giants are the world’s most populous countries and between them account for 40percent of the world population and about 20 percent of the global economy, based on purchasing power parity. Both are among the world’s fastest-growing economics. Besides, the huge surplus working population in India and China are making it imperative for the rest of the world to recognize these countries’ key roles in the global competitive dynamics. The economic development in these two countries is significant because it would improve the lives of millions of people. As the two countries have different political systems, the development or the reform paths followed by them are different. As per the conventional wisdom, democracy is good for economic development. But, if we compare the Communist China and the Democratic India, China is much ahead of India, which is a paradox to the conventional wisdom. Hence, a better understanding of what made the two countries differ in their economic development will not only add to our knowledge of this area, but also help other countries undertaking similar economic reforms. Understanding the issue of economic development correctly, explaining it, shaping it and managing it are the great tasks before the present generation. Against this background, this book provides a comprehensive overview of the Indian and the Chinese economies and the advantages of economic cooperation as well as the issues and the challenges faced by both the countries.

ABOUT THE AUTHOR Leena Mary Eapen

Leena Mary Eapen holds an MA in Economics from Madras Christian College. She has submitted her Ph.D dissertation on "Power Sector Reforms in India: A Study of Institutions and Organisational Behaviour" at Madras School of Economics, Chennai. Her areas of specialisation are Energy Economics and Institutional Economics. Currently she is working in the areas of issues of restructuring/privatization of public sector undertakings particularly state electricity boards; issues related to implementation of economic reforms using principles of new institutional economics and political economy of reforms; public finance; and comparative aspects of India and China. She has five years of teaching experience and she has published research papers and popular articles in peer reviewed journals, edited books, Indian business magazines and financial dailies. She has also presented research papers in various national conferences. Currently, she is working as a Faculty Member-Consulting Editor at the IBS Research Center (IRC), Chennai focusing on the development of Professional Reference Books and teaching in the area of Economics.

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Bibliographic information

Title
Economic Growth in India and China: A Comparative Study, Volume 1
Author
Edition
1st ed.
Publisher
ISBN
8131400913, 9788131400913
Length
vi+viii+183p., Tables; Figures; Index; 23cm.
Subjects

tags

#China