Economic Reforms and Performance: China and India in Comparative Perspective

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This book represents the research and survey of the literature on Chinese and Indian economics by Dr. Subramanian Swamy, a member of the prestigious Harvard economics faculty in the 1960s, who had pioneered the study of the two economies.This is Dr. Swamy’s third book on India-China comparisons and the first in critically assessing the effect of economic reforms in the two countries since 1980. It is set against the background of results achieved by the two economies since the advent of economic planning in 1950. Dr. Swamy has also projected the likely trends in the two economies into the future and by the year 2020.The book is comprehensive in coverage. Four questions are posed and answered in the book:First, whether the initial economic and institutional conditions obtaining in China and India at the advent of economic reforms were different? And if so, the consequence on subsequent economic developments in these two nations of those initial differences. Second, in a comparative appraisal of Chinese and Indian economic performance over the last two decades,regardless of correction thereafter in the data of the two countries, there is a trend towards narrowing of the gap in the economic distance between the two i.e., a convergence of the two economies. Third, in terms of the Kuznetsian structural changes, in equity, globalization process, and in the financial architecture in the two nations, whether there exist significant differences. Fourth, on the basis of answers to the questions just raised, whether it is plausible to infer that India, which is behind China today in material terms, will catch up with China in the foreseeable future, i. e. by 2025.

ABOUT THE AUTHOR Dr. Subramanian Swamy

Subramanian Swamy is essentially an academician. His journey into politics has positioned him where he is heard nationally. His academic achievements and political endeavours combine to make him an extraordinary public figure who has few peers in India today. He is known for forceful presentation of his views, and often years later has been vindicated. As fellow academician Dr. Manmohan Singh has publicly declared, Dr. Swamy advocated economic reforms and nuclear weapons long before anyone else did in India. Dr. Swamy has been elected Member of Parliament five times (1974-99) and held Cabinet position in the Union Government twice(1990-91 and 1994-96). Born on September 15, 1939, Dr. Swamy was awarded in 1964 a Doctorate in Economics by the Harvard University after his joint research with two Nobel Laureates Paul A. Samuelson and Simon Kuznets. Later he joined the faculty at Harvard and taught economics for about ten years. He was also Professor of Economics at the Indian Institute of Technology, Delhi (1969-91), from which post he resigned upon becoming Union Commerce & Law Minister. He is now President of Janata Party, founded by Jayaprakash Narayan in 1977.

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Bibliographic information

Title
Economic Reforms and Performance: China and India in Comparative Perspective
Author
Edition
1st ed.
Publisher
ISBN
8122006566
Length
130+31p.
Subjects

tags

#China