The first Africa-India Forum summit was held at New Delhi earlier this month. There were several other events organised on the sidelines of the Summit: the first ever India-Africa Editors Conference, joint performances by Indian and African cultural troupes a seminar of intellectuals from Africa and India on India-Africa Partnership in the 21st century, a […]
Renowned Australian author and economist Stewart Klegg brings a new angle to the India and China debate. He is scathing in his criticism of the Chinese state apparatus while claiming that there are enormous distortions in the Indian growth model due to a small oligarchy atop the system.
India is often compared with China. But […]
YaleGlobal Online has an interesting article by Pranab Bardhan (professor of economics at UCB) that puts economic growth and income inequality in India and China under the scanner. It is notable for being an extremely balanced review of the true link to globalization, but is readable for it tests a number of related arguments.
Daniel Altman in his IHT blog opines
Not so long ago, there were only two countries that collected client states around the world: the United States and the Soviet Union. These days, it seems like anyone with some economic clout can join in the fun. China has Sudan, Venezuela has Bolivia, and now Japan has India.
It […]
Two news articles have touched upon the Africa story recently; one by Princeton N. Lyman and Patricia Dorff in The Washington Post reasons out the basis of a new US policy in Africa while the other in Taipei Times by Alex Vines and Gareth Price harps on India’s growing economic links with Africa.
Lyman and […]
The FT has a very illuminating article on the politics of climate change. It is illuminating because it brings a perspective to the debate that has sadly been lacking so far - one of pragmatic international relations. Taking that perspective explains why the US, China and other major polluters have not signed on to any […]
INSEAD Affiliate Professor Patrick Turner surmises that the speed of entrepreneurship development in China is likely to erase the lead that India currently enjoys in entrepreneurship over its northern neighbour. In his view, the entrepreneurship bandwagon in both the countries has been fueled by a combination of a number of overseas residents returning to […]
This week’s issue of The Economist has a report on how (and why) Japanese investment into China is declining.
But the appeal of China as a manufacturing hub and a huge new market is not universally shared among Japanese businesses. Some companies are moving operations to other countries instead, and others are keeping business back home. […]
The share of the global economy belonging to emerging markets is increasing. According to Yahoo! Finance, Goldman Sachs has a new report indicating that the BRIC countries’ share of the global energy industry is now higher than that of the U.S.:
At the end of the first Gulf War in 1991, 55 percent of the 20 […]
This has been something significant on the economic and trade diplomacy front that has largely gone unnoticed. But for a few mandarins in the Indian commerce and foreign ministries and some officials in the CII headquarters, the story has remained under wraps. It started around three years back and it is about India and West […]
Contemplating a ban on iron-ore exports is absurd
The bulk of India’s iron-ore exports last year went to China. This is being bandied as something sinister by those who dislike China because of geopolitical reasons and by those who dislike selling ‘our’ ore to ‘them’ instead of letting ‘our’ manufacturers have it.
1. So why do Indian […]
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. […]
India and China, combined have 2.3 billion people. And it sometimes feel as if there’s almost as many write-ups comparing these two countries. The latest to join the fray is Deloitte and Touche’s The Reality Beyond The Hype.
Hat tip: The Private Sector Development Blog, from the World Bank.
Hope you […]
The World Bank recently hosted the Private Sector Development Forum in Washington D.C. with the broad theme, “Markets and Growth: What, Where, When, and How?” Given the flavour of the month/year/decade, the PSDForum also hosted a panel on China and India. Pablo Halkyard at the PSD Blog links to the presentations made by Prof Yasheng […]
Two news incidents caught my eye that had a similar vein of job market conditions running through them. One, read about young American workers conducting part of their work-life in Bangalore in Americans seek opportunity in booming Bangalore. Two, labor shortage in China enables an increase in working conditions and benefits as portrayed in Labor […]
Japan fell through the cracks. Relations with Taiwan, in comparison, remain in India’s diplomatic blind spot. Though its wisdom is debatable, there is an argument against pursuing closer open political relations with Taiwan for fear of offending China. There is no reason, however, for neglecting greater economic intercourse with Taiwan, one of Asia’s top economies. […]
Yasheng Huang of MIT and Tarun Khanna of Harvard created quite a stir back in 2003 when they suggested in a widely discussed Foreign Policy article that India’s chaotic development model may actually outstrip China’s in the long run. Yasheng Huang is back with an op-ed in the Financial Times in which he points to […]
The US-based Conference Board has a new report out on global productivity (hat tip to New Economist). The core message of the report is the following:
“Most countries in the developed world (North America, Europe and developed Asia) experienced a slowdown in productivity growth rates in 2005…Countries at the higher end of the global productivity spectrum […]
The latest columnist to join the India Vs China debate is Nicholas Kristof of the New York Times. The column itself is mind-numbingly boring, except possibly to readers who are only just waking up to the India/China story. Nonetheless, Kristof is one of 2-3 of the most influential columnists at the Times and that is […]
“What’s good for General Motors is good for America” said the the auto-makers’ executives during its heyday, in the 1960s. Not necessarily true — then, and now.
However, is it possible that what’s good for India is good for the US?
Charles Wheelan, in his Naked Economist column on Yahoo, thinks so and cites […]