The ecomies of the People's Republic of China and India are emerging-market ecomies, which account for more than a third of the global population. These two ecomies share many similarities in that they are large populous neighbours, who were regarded as abjectly poor countries until the 1980s and both are ancient cultures which has both advantages and disadvantages for ecomic development. However, their political systems are very different. While India is an open democratic society, China is a closed society run in an authoritarian manner by the Chinese Communist Party. This dissimilarity impacts on the ecomic decision making process in the two ecomies. This book is the first to systematically compare and contrast the two ecomies. It takes an objective and dispassionate view and delves into the constructive and favourable side as well as adverse and unfavourable side of the two ecomies. Written in a comprehensive and authoritative manner, it covers large areas of the two ecomies, including trade and financial sectors. It also includes other important relevant facets of the two ecomies.
Dilip K. Das, a distinguished scholar on international economy, has also published numerous books and journal articles on the Asian economy. He was associated with several prestigious business schools in the past, including the Graduate School of Business, University of Sydney and INSEAD, Fontainebleau, France. He also did short stints for economic research division of the Asian Development Bank and the World Bank as a consultant. Professor Das is presently a Toronto-based consultant to supra-national organizations.