A tale of two economies : development dynamics of India and China / B.N. Ghosh.

Format:

Book

Author/Creator:

Ghosh, B. N.

Language:

English

Subjects (All):

Economic development.

India--Economic policy.

India.

Economic policy.

China--Economic policy.

China.

Economic development--India.

Economic development--China.

Physical Description:

viii, 138 pages : illustrations ; 23 cm

Place of Publication:

New York : Nova Science Publishers, [2009]

Summary:

The book analyzes the development dynamics of India and China, comparing the growth differentials of these two Asian population superpowers. The analysis draws on theories, empirics, policies and problems to elucidate the reasons for such growth differentials, and to throw some light on issues concerning the possibility of convergence and the sustainability of their growth momentum. The book also delineates the important lessons that can be emulated by other developing economies from the development dynamics of these emerging Asian economies.

Contents:

Introduction 1

Objectives of the Study 7

Analytical Approach 8

Chapter Outlines of the Study 9

Chapter 1 Work Ethics, Labour and Structural Change 15

Culture, Religion and Work Ethics 16

Structural Changes 22

The Growing Economic Disparities 27

Chapter 2 FDI, Capital Stock and Saving 35

FDI and Investment Rates 36

How Bad is Fiscal Deficit? 42

Sources of Growth 49

Chapter 3 Liberalization and Export-Orientation 53

Trade Liberalization 54

The Outward-Looking Strategy 55

The Impact of the WTO 65

Chapter 4 Government Structure and Policy 75

Rainbow Coalition vis-a-vis One Dimensional Government 75

Is a Free Lunch Possible? 84

The Urban Biased Strategy 86

Chapter 5 The Legacy of Unknowns 95

Are the Growth Rates Sustainable? 98

Convergence of Growth Rates 103

Lessons to Learn 107.

Notes:

Includes bibliographical references (pages [113]-121) and index.

ISBN:

9781606923177

160692317X

OCLC:

244177239