The rise of China and India : impacts, prospects and implications

Abstract: In this globalized world, two Asian countries i.e. China and India have elevated their economies more swiftly and successfully than any other country of the region. The early 1980s reforms introduced both in China and India paid back few decades later and world witnessed tremendous growth of both the countries. Dramatic rise not only enabled socio-economic upsurge of China and India but it also reshaped the regional and global trade trends. But the unmatched progress by both also resulted in some upheavals for the developing countries and both also have bilateral unresolved issues as well. Key Words: China, Globalization, India, Investment, Trade

Margin: The Journal of Applied Economic Research, 2007

European Journal of Comparative Economics, 2009

While China and India's average incomes remain low, their sustained economic growth of recent decades combined with their enormous populations (that each exceed the size of the OECD) has turned both countries into such large players that their economic scale is only exceeded by the United States, and possibly Japan. (2) So though a large share of their populations remain poor, both China and India are already heavily integrated into the rest of the world's trade and financial flows, making their current and future development impossible to ignore. Most recently, as the developed world has slipped into a severe and prolonged recession--which many observers are calling a depression--China and India stand alone among major economies in registering positive growth, with the rest of the world's economies hoping that these emerging giants will help to bring the rest of the world out of its deep morass. Nevertheless, these countries are fragile and are still in the midst of ong...

Global integration of China and India has had quite different effects on the structural pattern of their economic growth. Manufacturing became the engine of economic growth in the former whereas the latter thrived due to the rapid growth of services sector. The implications of their present patterns of growth seem to be very favourable for long-term development. However, employment effects of their integration into the global economy are quite similar, and are evident in fast growth of labour, migration of skilled labour force to developed countries, decline of employment in formal sector and slow growth of regular wage employment. In this context, sustainability of the fast economic growth of China and India depends largely on the extent to which they are able to generate a process for steady expansion of regular wage employment and productivity of low skilled labour force.

Policy Research Working Papers, 2007

European Journal of Comparative Economics, 2009

While China and India's average incomes remain low, their sustained economic growth of recent decades combined with their enormous populations (that each exceed the size of the OECD) has turned both countries into such large players that their economic scale is only exceeded by the United States, and possibly Japan. 2 So though a large share of their populations remain poor, both China and India are already heavily integrated into the rest of the world's trade and financial flows, making their current and future development ...

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations,and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent. Policy Resea R chW o R king Pa P e R 4304 Although both China and India are labor-abundant

Journal of Chinese Political Science, 2014

SSRN Electronic Journal, 2016