IDEAS home Printed from https://ideas.repec.org/a/sae/jodeso/v18y2002i1p64-81.html
   My bibliography  Save this article

The Two Giants of Asia: Trade and Development in China and India

Author

Listed:
  • Jong H. Park

    (Department of Economics and Finance, Michael J. Coles College of Business, Kennesaw State University, Kennesaw, GA 30144-5591, USA)

Abstract

The literature on trade and development has supported the existence of a strong negative relationship between trade share and country size. The larger the country in size, the smaller is the trade ratio, and a lower degree of “openness†means less competitive pressures emanating from abroad when the country opens up to foreign trade, investment, and technology transfer. It is therefore likely that the impact of opening up policies would be much less in a large country such as China and India than among other East Asian NICs. The success story of China’s opening policies in recent years may imply that the favorable impact of “opening up†is not just for small economies, but also for large continental economies. Consequently, large countries such as China and India may not necessarily suffer from a large country constraint in adopting the export-oriented, outward-looking development strategy.

Suggested Citation

  • Jong H. Park, 2002. "The Two Giants of Asia: Trade and Development in China and India," Journal of Developing Societies, , vol. 18(1), pages 64-81, March.
    • Handle: RePEc:sae:jodeso:v:18:y:2002:i:1:p:64-81
    DOI: 10.1177/0169796X0201800104
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0169796X0201800104
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0169796X0201800104?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lal, Deepak, 1995. "India and China: Contrasts in economic liberalization?," World Development, Elsevier, vol. 23(9), pages 1475-1494, September.
    2. Garnaut, Ross, 1996. "Economic reform in India and China: An essay in honor of Heinz Wolfgang Arndt," Journal of Asian Economics, Elsevier, vol. 7(1), pages 29-47.
    3. World Bank, 1987. "World Development Report 1987," World Bank Publications - Books, The World Bank Group, number 5970.
    4. Rosen, George, 1992. "Contrasting Styles of Industrial Reform," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226726465, June.
    5. Bhagwati, Jagdish, 1993. "India in Transition: Freeing the Economy," OUP Catalogue, Oxford University Press, number 9780198288473.
    6. Rosen, George, 1990. "India and China: Perspectives on contrasting styles of economic reform," Journal of Asian Economics, Elsevier, vol. 1(2), pages 273-290.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lal, Deepak, 1995. "India and China: Contrasts in economic liberalization?," World Development, Elsevier, vol. 23(9), pages 1475-1494, September.
    2. Garnaut, Ross, 1996. "Economic reform in India and China: An essay in honor of Heinz Wolfgang Arndt," Journal of Asian Economics, Elsevier, vol. 7(1), pages 29-47.
    3. Jong H. Park, 2002. "The East Asian Model of Economic Development and Developing Countries," Journal of Developing Societies, , vol. 18(4), pages 330-353, December.
    4. Chhibber, Pradeep K & Majumdar, Sumit K, 1999. "Foreign Ownership and Profitability: Property Rights, Control, and the Performance of Firms in Indian Industry," Journal of Law and Economics, University of Chicago Press, vol. 42(1), pages 209-238, April.
    5. Blackburn, Keith & Forgues-Puccio, Gonzalo F., 2009. "Why is corruption less harmful in some countries than in others?," Journal of Economic Behavior & Organization, Elsevier, vol. 72(3), pages 797-810, December.
    6. Shafaeddin, Mehdi, 2010. "Trade liberalization, industrialization and development; experience of recent decades," MPRA Paper 26355, University Library of Munich, Germany.
    7. Bin, Sheng, 2000. "The Political Economy of Trade Policy in China," Working Papers 10/2000, Copenhagen Business School, Department of Management, Politics & Philosophy.
    8. Ziderman, Adrian, 1989. "Payroll taxes for financing training in developing countries," Policy Research Working Paper Series 141, The World Bank.
    9. Ramesh Chandra & Roger J. Sandilands, 2021. "Nicholas Kaldor, increasing returns and Verdoorn’s Law," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 44(2), pages 315-339, April.
    10. Marta dos Reis Castilho, 2009. "Documentos IPEA/CEPAL - Antidumping nas Américas: Uma Investigação dos Efeitos do Uso desse Instrumento sobre as Exportações e sobre a Conduta das Empresas Brasileiras," Discussion Papers 1382, Instituto de Pesquisa Econômica Aplicada - IPEA.
    11. David Gould & Roy Ruffin, 1995. "Human capital, trade, and economic growth," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 131(3), pages 425-445, September.
    12. Odhiambo, Nicholas M, 2021. "A test of exports-led growth hypothesis in Sub-Saharan African countries: Evidence from panel data analysis," Working Papers 27170, University of South Africa, Department of Economics.
    13. Steve Dowrick, 1994. "Openness and Growth," RBA Annual Conference Volume (Discontinued), in: Philip Lowe & Jacqueline Dwyer (ed.),International Intergration of the Australian Economy, Reserve Bank of Australia.
    14. Patibandla, Murali, 2006. "Equity pattern, corporate governance and performance: A study of India's corporate sector," Journal of Economic Behavior & Organization, Elsevier, vol. 59(1), pages 29-44, January.
    15. Aidt, Toke & Jayasri Dutta, 2002. "Policy compromises: corruption and regulation in a dynamic democracy," Royal Economic Society Annual Conference 2002 1, Royal Economic Society.
    16. Keith Blackburn & Rashmi Sarmah, 2006. "Red Tape, Corruption and Finance," Economics Discussion Paper Series 0639, Economics, The University of Manchester.
    17. N.M. Odhiambo, 2021. "Is Export-Led Growth Hypothesis Still Valid for Sub-Saharan African Countries? New Evidence from Panel Data Analysis," Working Papers AESRI-2021-02, African Economic and Social Research Institute (AESRI), revised Jan 2021.
    18. Yeats,Alexander James, 1989. "Shifting patterns of comparative advantage : manufactured exports in developing countries," Policy Research Working Paper Series 165, The World Bank.
    19. Anne O. Krueger, 2019. "Increased capital mobility and policy reform in developing countries," Indian Economic Review, Springer, vol. 54(1), pages 113-133, December.
    20. Loxley J., 1990. "Structural adjustment and rural labour markets in Zambia," ILO Working Papers 992796713402676, International Labour Organization.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:jodeso:v:18:y:2002:i:1:p:64-81. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.