Chasing China: Can India Bridge the Gap?
In the 1960s and 1970s, Indians were told how much better the Chinese authoritarian system was doing than India. There was no poverty, inflation, or unemployment in China. China was growing at 8 percent per year while India was stuck with the Hindu rate of 3.5 percent. This was because we were not socialist the way China was.
KeywordsForeign Direct Investment Capita Income Foreign Direct Investment Inflow Foreign Exchange Reserve Soft Budget Constraint
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