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Structural Change and Economic Development in China and India

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  • Donatella Saccone

    ()

  • Valli Vittorio

    () (University of Turin)

Abstract

The comparison of the periods of rapid economic growth in China since 1978 and India since 1992 markedly show different patterns of development and structural change. However, both countries experienced some of the advantages of “relative economic backwardness” and some aspects of the “fordist model of growth”. China had an anticipated and deeper structural change, spurred mainly by economic reforms and the growth of the internal market in the 1980s and since the mid-1990s by a very rapid penetration of its industrial products in the world market. However, a substantial part of its exports in medium and high tech sectors are due to joint- ventures with foreign multinationals. India had a more balanced structural change and a slower insertion in the world market, although some sectors, such as software, steel, automotive and pharmaceuticals are recently increasing their share in the world markets.

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Bibliographic Info

Paper provided by University of Turin in its series Department of Economics Working Papers with number 200907.

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Length: 28 pages
Date of creation: May 2009
Date of revision:
Handle: RePEc:uto:dipeco:200907

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References

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  1. Sau Lino, 2008. "La struttura del sistema finanziario in Cina," Department of Economics Working Papers 200807, University of Turin.
  2. Adam Szirmai & Ruoen Ren & Manyin Bai, 2005. "Chinese Manufacturing Performance in Comparative Perspective, 1980-2002," Working Papers 920, Economic Growth Center, Yale University.
  3. Alessia Amighini, 2005. "China in the international fragmentation of production: Evidence from the ICT industry," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(2), pages 203-219, December.
  4. Sau Lino, 2009. "Gradualism and the Evolution of the Financial Structure in China," Department of Economics Working Papers 200903, University of Turin.
  5. Angus Maddison & Harry X. Wu, 2008. "Measuring China’s Economic Performance," World Economics, World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB, vol. 9(2), pages 13-44, April.
  6. Saccone Donatella, 2008. "Educational Inequality and Educational Poverty. the Chinese Case in the Period 1975-2004," Department of Economics Working Papers 200808, University of Turin.
  7. Barry Bosworth & Susan M. Collins, 2008. "Accounting for Growth: Comparing China and India," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 45-66, Winter.
  8. Valli Vittorio, 2009. "The three waves of the fordist model of growth and the case of China," Department of Economics Working Papers 200905, University of Turin.
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Cited by:
  1. Saccone Donatella, 2011. "Potenze economiche emergenti: Cina e India a confronto.Istruzione e diseguaglianze," Department of Economics Working Papers 201113, University of Turin.
  2. Almas Heshmati & Subal C. Kumbhakar, 2010. "Technical Change and Total Factor Productivity Growth: The Case of Chinese Provinces," TEMEP Discussion Papers 201054, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Feb 2010.
  3. Vittorio Valli, 2009. "Book Review of: "Global Sustainability: Social and Environmental Conditions", Simone Borghesi and Alessandro Vercelli," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 6(2), pages 347-350, December.
  4. Enrico Marelli & Marcello Signorelli, 2011. "China and India: Openness, Trade and Effects on Economic Growth," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 8(1), pages 129-154, June.
  5. Valli Vittorio, 2009. "The three waves of the fordist model of growth and the case of China," Department of Economics Working Papers 200905, University of Turin.
  6. Vazhayil, Joy P. & Balasubramanian, R., 2010. "Copenhagen commitments and implications: A comparative analysis of India and China," Energy Policy, Elsevier, vol. 38(11), pages 7442-7450, November.

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