Industrialization of China and India : their impacts on the world economy

This book provides new perspectives on recent Asian dynamism which go beyond the mainstream views, by attempting to situate the recent economic expansion within a broader analysis of capitalist accumulation and the various processes that it generates both within and across economies. The contributions in the book include analyses of recent growth patterns in both China and India; assessments of the sustainability of such growth and potential constraints and pitfalls; the role of international finance in affecting both national and international growth and employment patterns; the factors determining particular accumulation strategies and the results of these strategies. These forces within the two economies of China and India are situated within a broader assessment of the impacts on the world economy, by identifying long run tendencies in international capitalism and changing patterns of uneven development. Specific issues emerging within the Asian region are identified, including not just the relations between the three large Asian economies, but also the wider geopolitical implications as well as the political economy of these changes. This book therefore provides a more comprehensive examination of the longer run dynamics of the global capitalist system in which these economies are necessarily destined to play more significant roles in future. Cover......Page 1 Title Page......Page 4 Copyright Page......Page 5 Table of Contents......Page 6 List of illustrations......Page 8 Notes on contributors......Page 11 Acknowledgements......Page 13 Introduction......Page 14 PART I The renaissance of China and India......Page 20 1 The impact of China and India on the advanced economies......Page 22 2 The renaissance of Asia and the emerging world system......Page 43 3 Knowledge and the Asian challenge......Page 72 4 Japanese corporations in China’s developing economy......Page 101 PART II Chinese perspective......Page 126 5 China and world development: beyond the crisis......Page 128 6 The rise of mass capitalism in China......Page 145 7 Theoretical possibilities of a socialist market economy and the Chinese road......Page 164 PART III Indian perspective......Page 184 8 Growth and emergent constraints in the Indian economy in the context of global uncertainty......Page 186 9 The idiosyncratic nature of India’s economic development: Can it be a new model of economic development?......Page 208 Index......Page 231 This text provides new perspectives on recent Asian dynamism which go beyond the mainstream views, by attempting to situate the recent economic expansion within a broader analysis of capitalist accumulation and the various processes that it generates both within and across economies Edited By Nobuharu Yokokawa, Jayati Ghosh, And Robert Rowthorn. Includes Bibliographical References And Index.