Comparing Growth In China And India
The Financial Times presents an interesting comparative analysis of growth policies and past trends in China and India and comments on their future impacts.
Arthur Kroeber, Managing Director of China Economic Quarterly, writes that there are two main reasons why India will not turn out like China (i.e. by developing as fast), despite advanced political systems and legal structures. These reasons are that, "...economic growth stems from high savings, not from political systems and...rule of law is not that important for early-stage economic growth."
The article is China-centric and presents an un-nuanced version of Indian politics. But, it still exposes some of the existing stereotypes and media practices of speaking of China and India in the same breath on economic issues.
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Published on Monday, May 22, 2006 in
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