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China and India: Two Asian Economic Giants, Two Different Systems

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  • Klein, L. R.

Abstract

In this essay, I am going to focus attention on China and India as new economic juggernauts that are having great influence at the present time. Of course, those two powerful economies may be joined by others that are large and dynamic at the present time, but movements of others do not come up to the pace being set by the above two Asian economic giants. The Chinese economy has exceeded expectations since 1978 by the widest of margins. It is prosperous; it overcame the food supply matter at the beginning; it is now delivering middle class and upper middle class living conditions to its citizens. India is joining the high-growth club of nations, but in their own way, as a democratic nation. Politically and culturally, the two nations differ markedly, but economically they have some great similarities.

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Bibliographic Info

Article provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.

Volume (Year): 4 (2004)
Issue (Month): 1 ()
Pages:

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Handle: RePEc:eaa:aeinde:v:4:y:2004:i:1_1

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Cited by:
  1. Sudip Ranjan Basu, 2007. "Comparing China and India: Is dividend of economic reforms polarized?," IHEID Working Papers 01-2007, Economics Section, The Graduate Institute of International Studies.
  2. GUISAN, Maria-Carmen , 2008. "Manufacturing and Economic Development: Inter-sectoral relationships in Europe, America, Africa and Asia-Pacific, 1999-2006," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 8(2), pages 73-88.
  3. VAZQUEZ-ROZAS, Emilia & VADLAMANNATI, Krishna Chaitanya, 2009. "Direct Foreign Investments In India: Potential & Performance Of Fdi Inflows From United States As Strategic Major Investor," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
  4. Felipe, Jesus & Laviña, Editha & Fan, Emma Xiaoqin, 2008. "The Diverging Patterns of Profitability, Investment and Growth of China and India During 1980-2003," World Development, Elsevier, vol. 36(5), pages 741-774, May.
  5. Chaitanya, K., 2004. "Indian Economy in the Next Five Years: Key Issues and Challenges, 2005-2009," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(4).
  6. Guisan M.C., 2007. "Industry, Foreign Trade and Development: Econometric Models of Africa, Asia and Latin America 1965-2003," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 4(1), pages 5-20.
  7. Pulido San Román, Antonio & Pérez García, Julián, 2006. "Lawrence R. Klein and Applied Economics/Lawrence R. Klein y la economía aplicada," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 24, pages 43-94, Abril.
  8. Krishna Chaitanya, & Emilia Vazquez Rozas, 2008. "Are Emerging Economies Fdi Inflows Cointegrated With Fdi Inflows Of China? – An Empirical Investigation," William Davidson Institute Working Papers Series wp904, William Davidson Institute at the University of Michigan.

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