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Economic Reform in China and India

Development Experience in a Comparative Perspective Joseph C.H. Chai, formerly Research Consultant, Research Grants Council, Hong Kong, China and Kartik Roy, Professor, Auckland Institute of Studies, New Zealand
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.
Extent: 304 pp
Hardback Price: $146.00 Web: $131.40
Publication Date: 2006
ISBN: 978 1 84064 987 1
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  • Asian Studies
  • Asian Development
  • Asian Economics
  • Development Studies
  • Asian Development
  • Development Economics
  • Development Studies
  • Economics and Finance
  • Asian Economics
  • Development Economics
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 authors have produced an outstanding book on economic reforms in China and India. . . This book is a wealth of information on this crucial issue, thus filling this important gap in the literature on economic reform, and also adding more knowledge to the literature on the history of economic development processes in China and India. . . [this book] will be of interest to both scholars of the economic reforms and those more generally interested in the social political changes occurring there.’
– Tulus Tambunan, Journal of Asian Business

‘Economists Chai and Roy have produced a well-written, properly documented study of the comparative development of India and China over the last 50 years. . . The book will be useful to graduate students in Asian studies and economic development. Policy makers in other developing countries can also benefit from this account of the experiences of two major emerging economies under different economic and political systems. Recommended. Graduate, research, and professional collections.’
– J.S. Uppal, Choice
Contents: Introduction 1. Initial Conditions and Alternative Paths to Economic Development 2. The Economic System and its Reform 3. Agricultural Development 4. Industrial Policy 5. Foreign Trade and Investment 6. Saving and Investment 7. Population and Employment 8. Growth and Human Development 9. Women’s Empowerment 10. Environment in Planned Development 11. Democratization 12. Conclusion and the Prospects References Index