Emerging Giants and Lessons for Development: China, India, and Their Different Paths to Progress

This book explores the differences and commonalities in growth experiences of two looming economic giants, China and India—countries that follow often-contrasting economic, social, and political paths as they struggle to achieve long-term prosperity for their billion-plus populations. The papers included within show that the economic and political realities in the two countries are quite different, and that these realities are deeply embedded in each country’s social framework. China and India are at markedly different stages of economic development but the challenges facing the two countries, unsurprisingly, diverge—not only because of the different stage of development each has reached, but also because their institutions are vastly unlike each other. Thus, each country presents a unique profile of problems and possibilities, and the volume’s six authors explore the topic’s many different aspects with expert insights. The contributors are David Dollar, Shenngan Fan, Yasheng Huang, Kaivan Munshi, and Oded Shenkar.