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Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India explores the challenges that China and India face and must overcome to becoming leading economies globally. It examines the policy changes of both countries, their economic and political structures and relative performance based on indices of market reforms and growth rate.
The book details the pattern and composition of growth and the various problems related to financial, industrial, agricultural and infrastructural parameters of both countries. It further goes on to explain that eradication of poverty from both countries is through the efforts of the country themselves and not simply because of integrating their economies with global economies. The author propagates the theory that authoritarianism in China has compromised its development, while democracy in India has gradually obliterated accountability in every sector.
The book contains chapters on the myths floating around both countries along with the economic reform and growth constituting differing patterns and institutions. Also covered are topics such as agriculture being still the most-crowded sector, infrastructure that makes dazzling differences, high saving, low financial intermediation and others.
The book summarises the challenges facing China and India, including their environmental degradation, poor infrastructure, social inequality and unfavourable demographics. It also claims that the stupendous growth that has been achieved by both countries over the last quarter century is mainly due to internal reforms and not merely as a cause of the large-scale globalisation of their economies.
It also offers invaluable insight into the role of democracy in hindering as well as encouraging growth. Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India examines the growth in different sectors of the economies of China and India, their hindrances, as well as their solutions.
The book was published by Oxford University Press in 2012 and is available in paperback.
Key Features:
This book highlights the achievements of these two nations in the past quarter century and chalks out a roadmap for their further growth in the future.
This book is an important reference point for advanced students and researchers who are interested in studying the economic growths of China and India and the constraints that the nations are likely to face as they march on to become economic superpowers of the world.ISBN - 9780198084938
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Pages : 176
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