Synopses & Reviews
In a world riddled with asymmetries and disparity, the economic achievement of India and China shows that it is possible to find a path that, despite all its inherent imperfections, can take developing nations towards development. The two countries are recent reminders of an invaluable lesson of our times: development does not need perfect systems, but it is the outcome of strategic thinking, smart implementation and efficient governance. This book presents an exploration of the economic ascent of India and China, and offers an alternative approach to development that emanates from the empirical evidence from these two countries in recent decades.
Review
"To write a book on such a well-trodden and controversial subject as globalization and successfully differentiate it from other works is no small feat. That is precisely what Mahtaney accomplishes in this comparative study of India's and China's economic development and its implications for future development of other emerging economies... Mahtaney makes illuminating distinctions among growth, increase in per capita real GDP, and development, and raises important issues concerning the future of globalization and economic integration." - CHOICE
Synopsis
The momentum of economic progress in India and China will bring about the next major shift in geopolitics. This book analyzes the economic experience of both countries in the context of development and globalization, and offers insights that could be crucial for development thinking.
About the Author
PIYA MAHTANEY is a member of the Economic Reform Committee of the Indian Merchants Chamber, Mumbai, India. She previously worked as Senior Feature Writer at the Economic Times. She is author of The Economic Con-Game. She has also been a Lecturer at Wigan and Leigh College.
Table of Contents
The New Age Paradox
PART I: THE RISING SUPERPOWERS, ISSUES, IMPLICATIONS AND THE FUTURE
1. Introduction to India Chapters: The India Story: As it Rolls On
2. India: Her Tryst with Globalisation
3. Economic Reform: Moving beyond Liberalisation
4. India: Unleashing Opportunity Creation
5. A Multi-Sectoral Pattern of Economic Growth: Important Issues
6. India's Economic Ascent: Insights and Issues
7. Introduction to China chapters: China: The Emerging Superpower
8. China: Its Ascent as an Economic Powerhouse
9. State Owned Enterprise Restructuring: Issues and Challenges
10. Economic Reform in China: The Ensuing Phase
11. Human Capital Formation: Trends, Implications and Future Prospects in China
12. China's FDI Story: An Evaluation
13. China's Economic Experience: Insights, Lessons and a Perspective
14. When Elephants Walk and Dragons Dance: A Comparison between
15. The Indian and Chinese Economy
PART II: GLOBALISATION: A PROCESS OF INCOMPLETE ECONOMIC INTEGRATION
16. Globalisation: Vision and Reality
17. Revisiting the East Asian Miracle
18. Stilletoisation of Economic Progress
PART III: BRIDGING THE GAP BETWEEN GROWTH AND DEVELOPMENT: EVOLVING A PARADIGM
19. The Production Function of Development
20. The Development Paradigm