Eichengreen, Barry; Gupta, Poonam; Kumar, Rajiv - Emerging Giants: China and India in the World Economy

Emerging Giants: China and India in the World Economy

Eichengreen, Barry; Gupta, Poonam; Kumar, Rajiv

ISBN: 9780199575077
Vydavatelství: Oxford University Press
Rok vydání: 2010
Vazba: Hardback
Počet stran: 256
Dostupnost: Skladem

Původní cena: 2 853 Kč
Výstavní cena: 2 425 Kč(t.j. po slevě 15%)
(Cena je uvedena včetně 10% DPH)
Katalogová cena: 74 GBP

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China and India are the two most populous countries in the world and now also two of the fastest growing. By sheer virtue of the fact that China and India are home to 2.4 billion people--two-fifths of the world's population--the rapid growth of their economies has far-reaching implications not just for global living standards and poverty reduction but also for competitiveness and distribution of income in the rest of the world. Commensurate with their economic progress, there has been a surge of interest in the nature and implications of China and India's economic growth. There are several apparent similarities in the development process of China and India: both are home to ancient civilizations that have bequeathed distinctive attitudes, institutions, and traditions. Both have very large populations. Both have performed well economically for more than two decades. However there are important differences that can be seen beneath the surface. China started the current reform process in 1978--that is, almost fifteen years before India. The two countries have very different political systems. Their development models differ fundamentally as well. China has opened up much more than India to foreign trade and foreign direct investment, while India has a better developed banking system. Growth in the two countries has been driven by different sectors--Chinese growth by manufacturing and Indian growth by services.