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Introduction to Part I

In: India, China and Globalization

Author

Listed:
  • Piya Mahtaney

Abstract

When two developing nations, one an economic powerhouse and the other potentially a superpower, are among the fastest-growing nations it is inevitable that this fact will become a matter of avid discussion. Perhaps a few nations in the contemporary world are perceived to be as exciting and promising as India and China: China and India will shake the world. Together they are home to 40 per cent of the world’s population. Both are among the world’s fastest growing economies: China 8–10 per cent, India 6–7 per cent. China is the factory of the world. India the outsourcing service centre first in call centres and now moving into more sophisticated business process operations and clinical research activities of global corporations. The Chinese and Indians are learning not just from Japan and the Asian NIEs but from the advanced countries (An excerpt of the keynote speech by Lee Kuan Yew, Minister Mentor, former Prime Minister of Singapore, at the inauguration of the Lee Kuan Yew School of Public Policy, April 2005)

Suggested Citation

  • Piya Mahtaney, 2007. "Introduction to Part I," Palgrave Macmillan Books, in: India, China and Globalization, pages 14-16, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59154-7_2
    DOI: 10.1057/9780230591547_2
    as

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