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

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.