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 all are enjoying the [...]
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 [...]
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 four [...]
Over the last few years, there’ve been an increasing slew of proclamations about America’s “decline” as an economic power — for instance, check this Fortune cover story by Geoff Colvin. A key figure cited by the “declinistas” as evidence of America’s decline is the huge imbalance of engineering graduates between the US and those two [...]
Can China build proficiency in English faster than India can build infrastructure?
Tim Harford brings my attention to a post by Johan Norberg, the author of “In Defense of Global Capitalism,” about China and India. Norberg writes: China has an advantage since it begun liberalising its economy 13 years before India. But China´s hidden weakness is the massive and often centrally planned investments, which are often less [...]
Barry Ritholtz culls some interesting China numbers from a WSJ story. • China has about $1 trillion in personal savings and a savings rate of close to 50%. The U.S. has about $158 billion in personal savings and an average savings rate of only about 2%. • Shanghai boasts 4,000 skyscrapers — double the number [...]
A friend who just returned from a visit to China tells us The Indian Economy Blog site wasn’t accessible in China. Oddly enough the NYT and virtually every Indian paper was available. As was the WSJ and the FT. I tried the IEB site repeatedly along with BBC – which I knew was persona non [...]
First it was the Wall Street Journal. Then it was Yale Global , followed by the Economist. And now, it’s Fortune’s turn to tell us that India isn’t an economic juggernaut — and isn’t likely to become one, in the near future. Clay Chandler laments India’s almost willful disregard for the fundamentals of developmental economics. [...]
A visual treat for you, dear reader. The India – China comparison in pictures, courtesy Deutsche Bank Hat tip: The World Bank Blog, which in turn got it from New Economist… Sidebar: I sometimes wonder if this China-India comparison is a tad overdone. However, given that we’re talking about 2.3 billion people, or more than [...]
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