China and India by Vince Cable

China and India by Vince Cable

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Summary

By examining common features and experiences, as well as some mental differences, this book takes a comparative look at recent economic reforms, their origin and effects, and at the wider implications of China and India becoming a significant force in world trade and capital flows.

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China and India by Vince Cable

The potential for economic liberalisation and growth in the world's two most populous countries, China and India, has attracted a great deal of interest during recent months. If both, or even one, of them manage a breakthrough to sustained rapid development comparable with that achieved in smaller East Asian economies, it will be of historic significance not just for the countries themselves but for the rest of the world. The opportunities and risks associated with development in both countries are clearly apparent. China has just enjoyed three years of growth at a scarcely credible level of over 13 per cent, although there is serious political uncertainty with the imminent death of Deng Xiaoping. Over the same period, India has dismantled a significant part of the system of administrative controls that had closed the country to foreign investment and stifled the private sector. But its weaknesses have been highlighted by widespread civil strife, an epidemic of the plague and a good deal of short-term political instability. Both countries have great potential for development and for disaster. By examining some of the common features and experiences, as well as some fundamental differences, China and India takes a comparative look at recent reforms, their origin and effects, and at the wider implications of the two countries becoming a significant force in world trade and capital flows.
SKU Unavailable
ISBN 13 9781899658008
ISBN 10 1899658009
Title China and India
Author Vince Cable
Condition Unavailable
Binding Type Paperback
Publisher Royal Institute of International Affairs
Year published 1995-11-30
Number of pages 80
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.