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Dealing with the Contagion: China and India in the Aftermath of the Subprime Meltdown

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  • Shalendra D. Sharma

Abstract

What began as a downturn in the US housing sector in the summer of 2007 had mushroomed into a global financial crisis by September 2008: the most severe since the 1930s. Developing countries, including China and India, at first seemingly sheltered from the worst of the turmoil, have not been immune to the contagion's spillover effects. What are China and India's precise vulnerabilities, and what can each do to better insulate their economies from the vagaries of global financial marker turmoil? Equally important, what long‐term strategies must each country adopt to make their economies more resilient to global market downturns?

Suggested Citation

  • Shalendra D. Sharma, 2009. "Dealing with the Contagion: China and India in the Aftermath of the Subprime Meltdown," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 17(2), pages 1-14, March.
    • Handle: RePEc:bla:chinae:v:17:y:2009:i:2:p:1-14
    DOI: 10.1111/j.1749-124X.2009.01138.x
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    References listed on IDEAS

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    1. Nicholas R. Lardy, 2008. "Financial Repression in China," Policy Briefs PB08-8, Peterson Institute for International Economics.
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    4. Harry X. Wu, 2007. "The Chinese GDP Growth Rate Puzzle: How Fast Has the Chinese Economy Grown?," Asian Economic Papers, MIT Press, vol. 6(1), pages 1-23, Winter.
    5. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, December.
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    Cited by:

    1. Liang-Xin Li, 2013. "Toward A Strong Chinese Economy," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(7), pages 906-912, July.
    2. Françoise Lemoine, 2009. "La Chine et l’Inde : les plus solides des BRIC," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 229-241.

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