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The Causes of Differential Development: Beyond Regime Dichotomies

  • Joydeep Mukherji

Abstract

Successful economic modernization in China and India is crucial for the success of the global economy. This chapter reviews the course of reform in both countries and assesses the main challenges they face in becoming developed nations. Although China and India account for only 4 percent and 2 percent respectively of global GDP, they account for two-fifths of humanity. Failure to modernize in one or both of these countries would risk confining the successfully “globalized” part of the planet to large pockets in the West and East Asia, excluding half the world’s people and potentially threatening the stability of the global economy.

Keywords

Foreign Direct Investment Differential Development Coalition Government Nonperforming Loan Fiscal Deficit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. International Monetary Fund (2004). China’s Growth and Integration into the World Economy: Prospects and Challenges. Occasional Paper 232.Google Scholar
  2. United Nations Development Programme (2003). “Human Development Report 2003.”Google Scholar
  3. Weng, Tao (2003). China: Economic Performance and Policy Challenges. IMF Conference on India and China, November. 23, New Delhi.CrossRefGoogle Scholar
  4. World Bank (2003). India: Sustaining Reform, Reducing Poverty.CrossRefGoogle Scholar
  5. World Bank (2004). Sustaining India’s Services Revolution—Access to Foreign Markets, Domestic Reform and International Negotiations.Google Scholar

Copyright information

© Edward Friedman and Bruce Gilley 2005

Authors and Affiliations

  • Joydeep Mukherji

There are no affiliations available

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