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Development Path of China and India and the Challenges for Their Sustainable Growth

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  • Yuefen Li
  • Bin Zhang

Abstract

The segmentation of global manufacturing and services provided China and subsequently India with a golden opportunity to make full use of their absolute advantage—low cost yet educated labour—to integrate into the world economy within a comparatively shorter period of time than some earlier industrialisers.

Suggested Citation

  • Yuefen Li & Bin Zhang, 2008. "Development Path of China and India and the Challenges for Their Sustainable Growth," WIDER Working Paper Series RP2008-37, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2008-37
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2008-37.pdf
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    References listed on IDEAS

    as
    1. Richard N. Cooper, 2005. "A Half-Century of Development," CID Working Papers 118, Center for International Development at Harvard University.
    2. Cooper, Richard, 2005. "A Half-Century of Development," Scholarly Articles 3677048, Harvard University Department of Economics.
    3. Verdoorn, P J, 1980. "Verdoorn's Law in Retrospect: A Comment," Economic Journal, Royal Economic Society, vol. 90(358), pages 382-385, June.
    4. Steinfeld, Edward S., 2004. "China's Shallow Integration: Networked Production and the New Challenges for Late Industrialization," World Development, Elsevier, vol. 32(11), pages 1971-1987, November.
    5. A. P. Thirlwall, 1989. "Growth and Development," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-19837-5, October.
    6. Andrew Mason, 2001. "Population Change and Economic Development: What Have we Learned from the East Asia Experience?," Working Papers 200103, University of Hawaii at Manoa, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Subhasankar Chattopadhyay, 2022. "Pace of structural change and inter‐sectoral relative price: The case of India and China," The World Economy, Wiley Blackwell, vol. 45(11), pages 3534-3558, November.
    2. Shujie Yao & Dan Luo, 2009. "The Economic Psychology of Stock Market Bubbles in China," The World Economy, Wiley Blackwell, vol. 32(5), pages 667-691, May.
    3. K. Thomas, 2022. "Amending China’s Notion of a “Consumer”: Lessons from Comparative Analysis of the PRC Consumer Protection Law," Journal of Consumer Policy, Springer, vol. 45(3), pages 435-456, September.
    4. Carl Friedrich Kreuser & Carol Newman, 2018. "Total Factor Productivity in South African Manufacturing Firms," South African Journal of Economics, Economic Society of South Africa, vol. 86(S1), pages 40-78, January.
    5. Carl Friedrich Kreuser & Carol Newman, 2018. "Total Factor Productivity in South African Manufacturing Firms," South African Journal of Economics, Economic Society of South Africa, vol. 86(S1), pages 40-78, January.
    6. Liu, Zhiyuan & Xu, Yue & Wang, Peijie & Akamavi, Raphaël, 2016. "A pendulum gravity model of outward FDI and export," International Business Review, Elsevier, vol. 25(6), pages 1356-1371.
    7. Helmut Wagner, 2015. "Structural Change and Mid-Income Trap – Under which conditions can China succeed in moving towards higher income status?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 12(2), pages 165-188, December.
    8. Baharom, A.H. & Habibullah, M.S., 2008. "Testing for Service-Led and Investment-Led Hypothesis: Evidence from ‘Chindia’," MPRA Paper 11924, University Library of Munich, Germany.

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    Keywords

    Economic development; Factor proportions; International trade; Foreign investments; Convergence;
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