The Great Asian Debate
The Great Asian Debate
India and China have of late been the number one storm raisers, what with the world 's economic intelligentsia worrying itself about the difference of their approaches to growth. But the difference is only as remarkable as is the speculation about which approach will succeed in the long run. Theories are flying by like locusts in action and pages after pages are being churned on the issue. So what's the need of another essay?
A very valid question, but the answer to which can only be found in this piece of clear-cut analysis. Sample this:-
"China and India are both developing quickly but with vastly different approaches. China's growth has been driven by manufacturing, and the country's planned economy has tapped into domestic savings and foreign investment to build an impressive infrastructure. India, by contrast, owes much of its progress to private businesses. Without much assistance from the government, they serve companies in the West's knowledge-based industries, such as software, IT services, and pharmaceuticals. The difference between the two models prompts debate about whether one country has a better approach to economic development than the other and which will eventually emerge as the stronger"
To find out more about the likelihood of India drubbing China in the long run, take a scoopful of time out from your schedule and read this essay that features in the McKinsey Quarterly. You would need a free registration to read the complete article.
On behalf of FINAX
Abhishek Tripathi
Link contribution by
Akshay Gupta
India and China have of late been the number one storm raisers, what with the world 's economic intelligentsia worrying itself about the difference of their approaches to growth. But the difference is only as remarkable as is the speculation about which approach will succeed in the long run. Theories are flying by like locusts in action and pages after pages are being churned on the issue. So what's the need of another essay?
A very valid question, but the answer to which can only be found in this piece of clear-cut analysis. Sample this:-
"China and India are both developing quickly but with vastly different approaches. China's growth has been driven by manufacturing, and the country's planned economy has tapped into domestic savings and foreign investment to build an impressive infrastructure. India, by contrast, owes much of its progress to private businesses. Without much assistance from the government, they serve companies in the West's knowledge-based industries, such as software, IT services, and pharmaceuticals. The difference between the two models prompts debate about whether one country has a better approach to economic development than the other and which will eventually emerge as the stronger"
To find out more about the likelihood of India drubbing China in the long run, take a scoopful of time out from your schedule and read this essay that features in the McKinsey Quarterly. You would need a free registration to read the complete article.
On behalf of FINAX
Abhishek Tripathi
Link contribution by
Akshay Gupta
posted by FINAX at
9:15 PM
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