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

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Author Info
Klein, L. R.

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

Volume (Year): 4 (2004)
Issue (Month): 1 ()
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Handle: RePEc:eaa:aeinde:v:4:y:2004:i:1_1

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Find related papers by JEL classification:
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

Cited by:
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  1. Sudip Ranjan Basu, 2007. "Comparing China and India: Is dividend of economic reforms polarized?," HEI Working Papers 01-2007, Economics Section, The Graduate Institute of International Studies. [Downloadable!]
  2. 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. [Downloadable!]
  3. 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). [Downloadable!] (restricted)
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