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India, China and the East Asian Miracle: a human capital development path to high growth rates and declining inequalities

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  • Aurelie Charles
  • Giuseppe Fontana
  • Abhinav Srivastava

Abstract

The High-Performing Asian Economies (HPAEs) have been unusually successful compared to large parts of Asia (including India), Africa and Latin America at matching high growth rates with significantly declining income inequalities. This paper looks at India and the HPAEs from a human capital development perspective, and it seeks to explain the reasons for the possible causes of these different patterns of growth rates and income inequalities. The paper proposes a new Human Capital Index, and argues that the notion of fair wage is the key factor linking human capital development to high growth rates and declining inequalities. Copyright 2010, Oxford University Press.

Suggested Citation

  • Aurelie Charles & Giuseppe Fontana & Abhinav Srivastava, 2010. "India, China and the East Asian Miracle: a human capital development path to high growth rates and declining inequalities," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 4(1), pages 29-48.
    • Handle: RePEc:oup:cjrecs:v:4:y:2010:i:1:p:29-48
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    File URL: http://hdl.handle.net/10.1093/cjres/rsq013
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    Cited by:

    1. Aswini Kumar Mishra & Ganesh Rao & Aashima Monga & Bhargav Vishwanath, 2016. "Assessing Competitiveness in Emerging Asian Economies: Role of Governance and Infrastructure and Lessons for India," Emerging Economy Studies, International Management Institute, vol. 2(1), pages 72-90, May.
    2. Harpaljit Kaur & Baharom A.H & Muzafar Shah Habibullah, 2014. "Linkages between education expenditure and economic growth: Evidence from CHINDIA," E3 Journal of Business Management and Economics., E3 Journals, vol. 5(5), pages 109-119.

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