India, China and Globalization : The Emerging Superpowers and the Future of Economic Development

This book explores the expansive economic experiences of India and China and charts the highlights of the new economic era of two ascending economic superpowers. It discusses the resonance of East and South-East Asian economics and the new dimension it has provided to the international arena. The current co-existence of boundless prosperity and endemic development is an impossible task and the author presents realistic solutions to sustaining these goals. 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. The New Age Paradox -- Part 1: The Rising Superpowers, Issues, Implications And The Future -- Introduction To India Chapters: The India Story: As It Rolls On -- India : Her Tryst With Globalisation -- Economic Reform: Moving Beyond Liberalisation -- India: Unleashing Opportunity Creation -- A Multi-sectoral Pattern Of Economic Growth: Important Issues -- India's Economic Ascent: Insights And Issues -- Introduction To China Chapters: China: The Emerging Superpower -- China: Its Ascent As An Economic Powerhouse -- State Owned Enterprise Restructuring: Issues And Challenges -- Economic Reform In China: The Ensuing Phase -- Human Capital Formation: Trends, Implications And Future Prospects In China -- China's Fdi Story: An Evaluation -- China's Economic Experience: Insights, Lessons And A Perspective -- When Elephants Walk And Dragons Dance: A Comparison Between -- The Indian And Chinese Economy -- Part 2: Globalisation: A Process Of Incomplete Economic Integration -- Globalisation: Vision And Reality -- Revisiting The East Asian Miracle -- Stilletoisation Of Economic Progress -- Part 3: Bridging The Gap Between Growth And Development: Evolving A Paradigm -- The Production Function Of Development -- The Development Paradigm. Piya Mahtaney. Includes Bibliographical References (p. 277-288) And Index. Front Matter....Pages i-x The New Age Paradox....Pages 1-12 Front Matter....Pages 13-13 Introduction to Part I....Pages 14-16 India’s Story: As it Rolls On....Pages 17-17 India: Her Tryst with Globalization....Pages 18-29 Economic Reform: Moving Beyond Liberalization....Pages 30-50 India: Unleashing Opportunity Creation....Pages 51-62 A Multisectoral Pattern of Economic Growth: Important Issues....Pages 63-71 India’s Economic Ascent: Insights and Issues....Pages 72-81 China: The Emerging Superpower....Pages 82-82 China: Its Ascent as an Economic Powerhouse....Pages 83-96 State-owned Enterprise Restructuring in China: Issues and Challenges....Pages 97-115 Economic Reform in China: The Ensuing Phase....Pages 116-130 Human Capital Formation: Trends, Implications and Future Prospects in China....Pages 131-140 China’s Foreign Direct Investment Story: An Evaluation....Pages 141-158 China’s Economic Experience: Insights, Lessons and a Perspective....Pages 159-169 When Elephants Walk and Dragons Dance: A Comparison between the Indian and Chinese Economies....Pages 170-187 Front Matter....Pages 189-189 Introduction to Part II....Pages 190-190 Globalization: Vision and Reality....Pages 191-208 Revisiting the East Asian Miracle....Pages 209-230 The Stilettoization of Economic Progress....Pages 231-246 Front Matter....Pages 247-247 Introduction to Part III....Pages 248-248 The Production Function of Development....Pages 249-255 The Development Paradigm: Its Evolution and Importance....Pages 256-276 Back Matter....Pages 277-323 The economic ascent of India and China is transforming the dynamics of globalization. The momentum of economic progress in these two nations will bring about a major shift in geopolitics. This book analyzes the economic experience of both countries in the context of development and globalization 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.