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India, China and Globalization: The Emerging Superpowers and the Future of Economic Development
323
by P. Mahtaney
P. Mahtaney
![India, China and Globalization: The Emerging Superpowers and the Future of Economic Development](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.9.4)
India, China and Globalization: The Emerging Superpowers and the Future of Economic Development
323
by P. Mahtaney
P. Mahtaney
Paperback(1st ed. 2007)
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Overview
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.
Product Details
ISBN-13: | 9781349352722 |
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Publisher: | Palgrave Macmillan UK |
Publication date: | 01/01/2007 |
Edition description: | 1st ed. 2007 |
Pages: | 323 |
Product dimensions: | 5.51(w) x 8.50(h) x (d) |
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
List of Tables, Figures and Boxes ixThe New Age Paradox 1
The new age paradox: inevitability and implications 1
The way ahead 8
The Rising Superpowers: Issues, Implications and the Future
Introduction to Part I 14
India's Story: As it Rolls On 17
India: Her Tryst with Globalization 18
The turning point 18
Role of FDI in the Indian economy 24
Liberalization and the dynamics of economic progress 27
Economic Reform: Moving Beyond Liberalization 30
Sustainable growth and economic reform 31
The political economy of underdevelopment: its ramifications 32
Infrastructure provision and human capital formation: a story of unaffordable paucity 34
Privatization: an overview of its impact in India 41
Conclusion 48
Appendix 50
India: Unleashing Opportunity Creation 51
Introduction 51
Growth creation and slackened employment growth in the Indian economy: an analysis 53
The impact of liberalization on the manufacturing sector in India: trends in productivity, output expansion and employment creation 56
Conclusion 61
A Multisectoral Pattern of Economic Growth: Important Issues 63
The skill development paradigm 69
India's Economic Ascent: Insights and Issues 72
China: The Emerging Superpower 82
China: Its Ascent as an Economic Powerhouse 83
Economic liberalization 86
Conclusion 94
Appendix 95
State-owned Enterprise Restructuring in China: Issues and Challenges 97
The impact of enterprise restructuring 100
The impact of financial-sector reform in China: issues and concerns 108
Conclusion 114
Appendix 115
Economic Reform in China: The Ensuing Phase 116
The underpinnings of China's present growth patterns: sustainability issues and imperatives 118
Poverty reduction in China 122
Conclusion 130
Human Capital Formation: Trends, Implications and Future Prospects in China 131
Health care reform in China: was it an instrument of inequity? 132
The link between human capital formation and technological advancement 134
Conclusion 138
Appendix 139
China's Foreign Direct Investment Story: An Evaluation 141
China's accession to the WTO 141
Broad trends in foreign investment 144
Broad trends in China's trade 146
Evaluating China's FDI-export model 147
Protectionism: its impact on technological upgrading 151
The trickle-down effect of technology transfer 154
Conclusion 158
China's Economic Experience: Insights, Lessons and a Perspective 159
Reinventing neo-liberalism 160
Economic transformation and turnaround: beyond structural adjustment 165
Conclusion 168
fundamental lessons, in a nutshell 169
When Elephants Walk and Dragons Dance: A Comparison between the Indian and Chinese Economies 170
An overview of recent history: India and China 172
Liberalization: the initial stage 173
Liberalization: India and China's variant 178
Present reform imperatives in India and China: a comparison 182
Conclusion 185
Globalization: A Process of Incomplete Economic Integration
Introduction to Part II 190
Globalization: Vision and Reality 191
Economic history: lessons in restrospect 192
Globalization and economic integration: the dichotomy 197
Financial and trade liberalization: an overview of its impact 197
Trade liberalization: is it about free or fettered trade? 201
Conclusion 204
Appendix 205
Revisiting the East Asian Miracle 209
Analysis 211
Comparisons: East Asia and Africa 220
Conclusion 227
The Stilettoization of Economic Progress 231
The political economy of underdevelopment: a macroview 232
Economic integration: altering its partial approach 241
Conclusion 244
Bridging the Gap between Growth and Development: Evolving a Paradigm
Introduction to Part III 248
The Production Function of Development 249
The nature of economic growth 249
The Development Paradigm: Its Evolution and Importance 256
Evolution of the development paradigm 256
The curative: a transition from resource mobilization to resource management 269
Singapore: exemplifying EEM 271
Reform: it cannot cease 272
Appendix 276
Bibliography 277
Index 289
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