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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. 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.
    2. Richard N. Cooper, 2005. "A Half-Century of Development," CID Working Papers 118, Center for International Development at Harvard University.
    3. Cooper, Richard, 2005. "A Half-Century of Development," Scholarly Articles 3677048, Harvard University Department of Economics.
    4. Verdoorn, P J, 1980. "Verdoorn's Law in Retrospect: A Comment," Economic Journal, Royal Economic Society, vol. 90(358), pages 382-385, June.
    5. 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.
    6. A. P. Thirlwall, 1989. "Growth and Development," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-19837-5, December.
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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;
    All these keywords.

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