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China and India   
China and India

Towards Global Economic Supremacy?

Rita Dulci Rahman Jose Miguel Andreu

Hard Bound Book   :   Pages : 249
2006  Edition         :   ISBN - 81-7188-424-5
Price : Rs. 595.00;  US $ 49.95
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China and India, currently the two most widely discussed countries of Asia are considered to be the wings of Asian economic take off. The first one is a country with plenty of economic opportunities for the developed countries, who try to maximise exports to China and invest massively in it. Nevertheless, it has recently become the country most feared by Western governments, since its overwhelming industrial exports already seem to flood the corresponding markets of the US and EU, thus limiting internal creation of industrial employment in the West.

With a certain delay, India has recently begun to attract attention, mainly due to the shooting up of its exports of IT services, while its current economic position seems to be as promising as that of China in the first half of the '90s.

Recent long term econometric projections point out that these two countries, which have today a potential growth capacity as no other country has had in history, could, in half a century, be at the top of economic and political power alongside the US. Alternatively, other approaches focussing on the low levels of their micro-welfare indicators as well as on their internal political problems (such as the pending transit to democracy in China and the possible arrest or cooling down of reforms in India) predict difficult times ahead for the continuation of their currently high GDP growth rates.

After portraying the economic and political evolution of China and India an exercise that enables to detect the unsolved problems of these two countries the authors discuss not only the economic bottlenecks they have, but also the internal and external political problems which China and India will have to address in order to emerge as global powers.

In this context, the authors believe that China and India nations that shelter more than one-third of the world population will probably co-operate in the economic and political spheres so as to complete their catching up processes. Otherwise, the currently powerful nations potential losers at this stage of the global economic game will arrest or weaken their trajectories towards global economic supremacy.


Rita Dulci Rahman has 26 years of experience in international relations in different fields, among others in trade and investment, migration, conflict resolution, and development cooperation. She has been committee member or chair in several European and Dutch governmental and non-govern-mental bodies such as EECOD, CCME, ECLOF and Fondad. Born in the Dutch Antilles, she currently works as a diplomat for the Netherlands Government, and has been posted in Bangladesh, India and Tunisia. She obtained her Masters degree in Development Studies at the University of Leiden, Netherlands, and her Bachelors in Mathematics, University of Surinam. For three years (1988 1991) she taught at the University of Leiden. She has published more than 30 articles on international relations.

Jose Miguel Andreu is Professor of Economics at the University of Sevilla, Spain. He has also taught Economics in the Basque Country University, in the University of Alcala de Henares, and in the Open University of Spain (UNED). For 30 years he has been delivering lectures on Introduction to Economics, Intermediate Macroeconomics, Superior Macro-economics, Theory of Economic Growth, Money and Banking etc. He has published several textbooks for students, reports, and more than a hundred articles on Spanish and international economic matters. For two years (1981-1982) he was economic advisor to the Prime Minister of Spain. Recently (2000-2003) he served as a Spanish diplomat to India. Professor Andreu is currently working as an advisor to the African Development Bank in Tunis.


Author's Note



  • The Birth of Two Giants 
  • Common and Diverse Economic Traits of China and India 
  • Initial Economic Under-performance of China and India 
  • Brilliant Behaviour in Last Two Decades (1980-2002) and Current Economic Positions of China and India 
  • China and India: Two Countries with Great Economic Expectations 
  • The Case of India as a Surprise 
  • Success of China and India and Likely Reactions of the West 
  • Content of the Book

Growth Theory and Development Policy

  • Non-strict Economic Factors as Pre-conditions of Growth and Development 
  • Sources of Economic Growth 
  • Growth Dynamics 
  • The Problem of Population in the Developing Countries 
  • Growth and Structural Change 
  • Backwardness and Opportunities for Growth in an Open Multi-sectoral Economy 
  • Fundamental Variables for Inducing Economic Growth: Application to the cases of China and India

Brief History of the Economy of China Since 1949

  • Applied Policies in China in the Last Five Decades 
  • Demography and Labour Market in China 
  • The Evolution of the Income Distribution in China 
  • The Evolution of Domestic Investment in China 
  • China and the Development of International Economic Relations 
  • Some Traits of the Macroeconomic Performance in China

Brief History of the Economy of India Since 1947

  • The Biased Treatment of the Economy of India under the British Rule 
  • Evolution of Agriculture Since Independence 
  • Indian Industrial Policy and Industrial Public Sector 
  • Indian Demography and Employment 
  • Financial Capacity of India 
  • Trade Orientation of India Since 1947

A Joint Economic Analysis of China and India: Opportunities and Challenges

  • Evaluation of Current Economic Situation of China and India 
  • Recent Economic Evolution of China and India 
  • China, India and the New Direction of the International Trade of Goods 
  • The Financing Process in China and India 
  • External Net Position of China and India and Implications for the Future 
  • Current Internal Obstacles and Economic Perspectives of China and India 
  • China, India and their Economic Future

China, India and Possible Hindrances from Abroad

  • The International Political Context 
  • Battles for Keeping Current Privileged Positions and its Limitations 
  • Probable Strategies of China and India in the Current Commercial Framework 
  • Economic Impasse in the West as a Consequence of Own Wrong International Policies 
  • A win-win Solution: Positive Reaction of The West 
  • China, India and the Future: From Dependency to Parity

Conclusions and Insight into the Future

  • Conclusions Stemming from the Theory of Economic Growth Applicable to China and India
  • Currently Observed Deficiencies in China 
  • Currently Observed Deficiencies in India 
  • Advantageous Characteristics of China and India in the World Today 
  • Perspectives and Difficulties in the Future and Reactions 
  • Towards a Better Solution: Changing the International Order

Statistical Annexes

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