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

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About the Publication

Economic growth does not always add up to development. In a world riddled with asymmetries and disparity, the economic achievement of India and China shows a path that, despite all its inherent imperfections, can take poorer 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. As we stand on the threshold of the next wave of globalization it could bring in its wake the next frontier of development. However, there is a fundamental challenge, perhaps the foremost concern of our time. This arises from the glaring need to bridge the gap between growth, globalism and sustainable development. In this context the book presents an exploration that emanates from the empirical evidence which is pertinent to the ascent of India and China and the impact that globalization has had during recent decades.

Co-publication: Palgrave Publishers Ltd

Palgrave Publishers Ltd

Contents

Preliminary pages
1. The New Age Paradox
PART I: THE RISING SUPERPOWERS: ISSUES, IMPLICATIONS AND THE FUTURE
2. Indias Story: As It Rolls On
3. India: Her Tryst with Globalization
4. Economic Reform: Moving Beyond Liberalization
5. India: Unleashing Opportunity Creation
6. A Multisectoral Pattern of Economic Growth: Important Issues
7. India's Economic Ascent: Insights and Issues
8. China: The Emerging Superpower
9. China: Its Ascent as an Economic Powerhouse
10. State-owned Enterprise Restructuring in China: Issues and Challenges
11. Economic Reform in China: The Ensuing Phase
12. Human Capital Formation: Trends, Implications and Future Prospects in China
13. Chinas Foreign Direct Investment Story: An Evaluation
14. China's Economic Experience: Insights, Lessons and a Perspective
15. When Elephants Walk and Dragons Dance: A Comparison between the Indian and Chinese Economies
PART II: GLOBALIZATION: A PROCESS OF INCOMPLETE ECONOMIC INTEGRATION
16. Globalization: Vision and Reality
17. Revisiting the East Asian Miracle
18. The Stilettoization of Economic Progress
PART III: BRIDGING THE GAP BETWEEN GROWTH AND DEVELOPMENT: EVOLVING A PARADIGM
19. The Production Function of Development
20. The Development Paradigm: Its Evolution and Importance
Bibliography
Index

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