The rise of China and India is rapidly reshaping the world economy, with far-reaching implications for every national and regional government, business community, and individual citizen.
Arising from the UNU-WIDER research project 'Southern Engines of Global Growth', this volume explores the foundations of China and India's development experiences and strategies, and how these can provide practical lessons to other economies. It examines the patterns of productivity, international trade and investment inflows, and comparatively analyses the prospects, driving forces and implications of the rise of China and India as economic and political giants.
This book is indispensable reading for all interested in development economics and international economics and politics. It also provides valuable lessons for other developing countries in the pursuit of poverty reduction, sustainable growth and innovative development strategies.
List of Tables, Figures and Boxes
Foreword
Preface
Notes on Contributors
List of Abbreviations and Acronyms
PART I: THE RISE OF CHINA AND INDIA: DEVELOPMENT STRATEGIES AND LESSONS FOR DEVELOPING COUNTRIES
Globalization and the Developing World: The Difference that China Makes; J.Henderson
China, South Africa, and the Lewis Model; J.Knight
India's Economic Growth: Lessons for the Emerging Economies; S.Chakraborty
PART II: ECONOMIC STRUCTURE AND GROWTH
Beyond Industrialization: New Approaches to Development Strategy Based on the Service Sector; P.Sheehan
The Service Sector Revolution in India: A Quantitative Analysis; R.Verma
China's Development Strategy and Energy Security; H.A.Khan
Identification of Regional Fundamental Economic Structure (FES) of India: An Input-Output and Field of Influence Approach; S.K.Thakur
Comparing Regional Development in China and India; Y.Wu
The Gains from Growth for Women and Informal Workers in India: A SAM Based CGE Analysis; A.Sinha & H.A.Khan
PART III: TRADE AND REGIONAL DEVELOPMENT
Firm Location Choice in Cities: Evidence from China and India; K.S.Sridhar & G.Wan
China's Global Growth and Latin American Exports; R.Jenkins
Component Trade and China's Global Economic Integration; K.Li, L.Song & X.Zhao
The Rise of China and India: Lessons and Implications for Global Development; A.U.Santos-Paulino & G.Wan
Index