IDEAS home Printed from https://ideas.repec.org/a/eme/ijsepp/v34y2007i9p664-677.html
   My bibliography  Save this article

Critical evaluation of growth strategies: India and China

Author

Listed:
  • Parikshit K. Basu

Abstract

Purpose - This paper aims to attempt to compare the development strategies and achievements of India and China in the last 50 years and to analyse the challenges lying ahead if the trend continues. Design/methodology/approach - The paper critically evaluates the growth strategies of the two economies. Changes in approaches, achievements and failures are analysed using materials from past research and secondary data. Impacts of economic reform process and economic management capabilities have been evaluated. Critical analysis is the main approach of the paper. Findings - Based on the experiences of economic growth so far with reformed and open economies, India can learn several things from China. China has achieved better results based on investment‐driven export‐oriented policies that may not be sustainable in the long run. It has so far ignored the socio‐political issues, which can have very serious consequences in the future. Relatively slower economic growth in India is based on stronger socio‐economic foundations. Mutually beneficial economic cooperation between the two economies and rising interdependence with regional and global powers should provide a better future. Originality/value - The paper provides a comprehensive picture of strategies, outcomes and possibilities. It links past development strategies to future challenges. It may be of value to researchers and policy makers in both economies while considering future directions.

Suggested Citation

  • Parikshit K. Basu, 2007. "Critical evaluation of growth strategies: India and China," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 34(9), pages 664-677, August.
    • Handle: RePEc:eme:ijsepp:v:34:y:2007:i:9:p:664-677
    DOI: 10.1108/03068290710778651
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/03068290710778651/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/03068290710778651/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/03068290710778651?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kanbur, Ravi & Venables, Anthony J. (ed.), 2005. "Spatial Inequality and Development," OUP Catalogue, Oxford University Press, number 9780199278633.
    2. Ravi Kanbur & Anthony J. Venables & Guanghua Wan, 2005. "Introduction to the Special Issue: Spatial Inequality and Development in Asia," Review of Development Economics, Wiley Blackwell, vol. 9(1), pages 1-4, February.
    3. Pranab Bardhan, 1997. "Corruption and Development: A Review of Issues," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1320-1346, September.
    4. Ravi Kanbur & Tony Venables, 2005. "Introduction: Spatial inequality and development," Journal of Economic Geography, Oxford University Press, vol. 5(1), pages 1-2, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Evgeny M. Bukhvald, 2020. "Managing the spatial development of the Russian economy: Goals and tools," Upravlenets, Ural State University of Economics, vol. 11(6), pages 2-14, December.
    2. Faguet, Jean-Paul & Shami, Mahvish, 2008. "Fiscal policy and spatial inequality in Latin America and beyond," LSE Research Online Documents on Economics 27162, London School of Economics and Political Science, LSE Library.
    3. Julio Martinez-Galarraga & Elisenda Paluzie & Jordi Pons & Javier Silvestre & Daniel A. Tirado, 2021. "New economic geography and economic history: a survey of recent contributions through the lens of the Spanish industrialization process," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 15(3), pages 719-751, September.
    4. Dao-Zhi Zeng, 2016. "Capital mobility and spatial inequalities in income and industrial location," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 14(1), pages 109-128, March.
    5. Christian Lessmann, 2012. "Regional Inequality and Decentralization: An Empirical Analysis," Environment and Planning A, , vol. 44(6), pages 1363-1388, June.
    6. Holley E. Hansen & Stephen C. Nemeth & Jacob A. Mauslein, 2020. "Ethnic political exclusion and terrorism: Analyzing the local conditions for violence," Conflict Management and Peace Science, Peace Science Society (International), vol. 37(3), pages 280-300, May.
    7. Lessmann, Christian, 2014. "Spatial inequality and development — Is there an inverted-U relationship?," Journal of Development Economics, Elsevier, vol. 106(C), pages 35-51.
    8. Stephanié Rossouw & Wim Naudé, 2008. "The Non-Economic Quality of Life on a Sub-National Level in South Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 86(3), pages 433-452, May.
    9. Batuo E. Michael & George Kararach & Issam Malki, 2021. "Working Paper 353 - Inequality and the role of macroeconomic and institutional forces in Africa," Working Paper Series 2479, African Development Bank.
    10. Sarah Cuschieri & Neville Calleja & Julian Mamo, 2022. "Health Inequities Exist in Europe: Are Spatial Health Inequities Present in the Small State of Malta?," SAGE Open, , vol. 12(1), pages 21582440221, February.
    11. Anda David & Nathalie Guilbert & Nobuaki Hamaguchi & Yudai Higashi & Hiroyuki Hino & Murray Leibbrandt & Muna Shifa, 2018. "Spatial poverty and inequality in South Africa: A municipality level analysis," SALDRU Working Papers 221, Southern Africa Labour and Development Research Unit, University of Cape Town.
    12. Shifa, Muna & Leibbrandt, Murray, 2021. "Spatial Inequality in Sub-Saharan Africa," EconStor Preprints 244591, ZBW - Leibniz Information Centre for Economics.
    13. World Bank, 2004. "Sri Lanka - Reshaping Economic Geography : Connecting People to Prosperity," World Bank Publications - Books, The World Bank Group, number 21549, December.
    14. Hamidreza Rabiei‐Dastjerdi & Stephen A. Matthews, 2021. "Who gets what, where, and how much? Composite index of spatial inequality for small areas in Tehran," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(1), pages 191-205, February.
    15. Adriana Kocornik‐Mina, 2009. "Spatial econometrics of multiregional growth: The case of India," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 279-300, June.
    16. Kerstin Enflo & Joan Ramón Rosés, 2015. "Coping with regional inequality in Sweden: structural change, migrations, and policy, 1860–2000," Economic History Review, Economic History Society, vol. 68(1), pages 191-217, February.
    17. Sujarwoto, Sujarwoto & Tampubolon, Gindo, 2016. "Spatial inequality and the Internet divide in Indonesia 2010–2012," Telecommunications Policy, Elsevier, vol. 40(7), pages 602-616.
    18. Herrerias, M.J. & Ordoñez, J., 2012. "New evidence on the role of regional clusters and convergence in China (1952–2008)," China Economic Review, Elsevier, vol. 23(4), pages 1120-1133.
    19. Michael Storper, 2018. "Separate Worlds? Explaining the current wave of regional economic polarization," Journal of Economic Geography, Oxford University Press, vol. 18(2), pages 247-270.
    20. Xu Shengxia & Liu Qiang & Lu Xiaoli, 2021. "Measuring the Imbalance of Regional Development from Outer Space in China," Journal of Systems Science and Information, De Gruyter, vol. 9(5), pages 519-532, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:ijsepp:v:34:y:2007:i:9:p:664-677. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.