The Indian Economy Blog

September 19, 2006

China, India And The Global Economy

Ajay Shah alerts us to a draft volume published by the World Bank (free download) titled Dancing with Giants: China, India and the global economy.

Drawing upon the latest research, this volume analyzes the influences on the rapid future development of these two countries and examines how their growth is likely to impinge upon other countries. It considers international trade, industrialization, foreign investment and capital flows, and the implications of their broadening environmental footprints. It also discusses how the two countries have tackled poverty, inequality and governance issues and whether progress in these areas will be a key to rapid and stable growth. [World Bank]

5 Comments »

  1. Thanks for this link. The paper looks like a great composite of existing work on India/China and the background papers will prove to be useful materials for future discussions I’m sure.

    I had attended a seminar with Philip Lane (who co-wrote the chapter on financial integration of IN/CH) and found his discussion of global imbalances fascinating. Essentially, he takes the view that the financial part of the imbalance might not be as bad for the US as some (Roach, Roubini, et al) suggest because the overall return on net foreign assets is still decent for the US (basically because all the investment into the US is low-yielding debt, and the bulk of outward investment is high-yielding equity/FDI). This difference in returns essentially mitigates the deterioration in the NFA position. Interesting argument — but still too optimistic in my view.

    Any idea when the Bank will be releasing the Dancing with Giants book itself?

    Comment by Nandan Desai — September 20, 2006 @ 1:57 am

  2. Current Account Balance says it all…..

    https://www.cia.gov/cia/publications/factbook/rankorder/2187rank.html

    Comment by Ramkumar — September 23, 2006 @ 10:15 am

  3. New book: ‘Dancing with Giants: China, India and the global economy’…

    A draft volume of the new World Bank report Dancing with Giants: China, India and the global economy has been posted online: Drawing upon the latest research, this volume analyzes the influences on the rapid future development of these two countries an…

    Trackback by New Economist — September 24, 2006 @ 3:33 am

  4. An in-depth article which looks comparatively and analytically at recent economic developments in china and india

    Comment by Carlini — February 20, 2007 @ 9:44 pm

  5. ranjranjan said that this 9 % growth is for only .09 percent ppl only in india belongs and seems to be true if u check on all *(poverty )

    Comment by maulik — July 1, 2007 @ 12:45 pm

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