While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in these countries is characterized by deep rural poverty and underdevelopment, and plagued by unprecedented forms of social and economic inequality, reliance on volatile export markets, brutal land grabs, and forms of crony capitalism. This volume brings together twelve wide-ranging essays that collectively engage in discussing key areas of transformation and development, including agriculture, industry, global finance and outward direct foreign investments, science and technology, and R&D policies of these nations. Using an interdisciplinary and multi-level analysis, the volume provides comprehensive and critical insights into the dynamics of the development process in the two countries while exploring the realignment of east-west and north-south relations as well as regional balance.
While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in these countries is characterized by deep rural poverty and underdevelopment, and plagued by unprecedented forms of social and economic inequality, reliance on volatile export markets, brutal land grabs, and forms of crony capitalism. This volume brings together twelve wide-ranging essays that collectively engage in discussing key areas of transformation and development, including agriculture, industry, global finance and outward direct foreign investments, science and technology, and R&D policies of these nations. Using an interdisciplinary and multi-level analysis, the volume provides comprehensive and critical insights into the dynamics of the development process in the two countries while exploring the realignment of east-west and north-south relations as well as regional balance.
LIST OF TABLES AND FIGURES; PREFACE AND ACKNOWLEDGEMENTS; LIST OF ABBREVIATIONS; 1. TRANSFORMATION AND DEVELOPMENT: A CRITICAL INTRODUCTION TO INDIA AND CHINA (6BANTHONY P. D'COSTA AND AMIYA KUMAR BAGCHI); 2. GUARANTEEING RURAL EMPLOYMENT-TALES FROM TWO COUNTRIES: RIGHT TO EMPLOYMENT IN NEOLIBERAL INDIA AND LABOUR ACCUMULATION IN COLLECTIVIST CHINA (ASHWANI SAITH); 3. GOVERNMENT POLICY AND THE DISTRIBUTION OF GRAIN: REVISITING THE REFORM OF AGRICULTURAL INSTITUTIONS IN CHINA AND INDIA (SHAILAJA FENNELL); 4. APPRAISING INDUSTRIAL POLICIES OF INDIA AND CHINA FROM TWO PERSPECTIVES: NATIONALIST AND INTERNATIONALIST (NIRMAL KUMAR CHANDRA); 5 CHINA IN THE GLOBAL CRISIS: DEATH KNELL OF THE EAST ASIAN DEVELOPMENTAL MODEL? (HO-FUNG HUNG); 6. HARMONY, CRISIS, AND THE FADING OF THE LEWIS MODEL IN CHINA (CARL RISKIN); 7. GROWTH, REFORMS, AND INEQUALITY: COMPARING INDIA AND CHINA (LOPAMUDRA BANERJEE, ASHWINI DESHPANDE, YAN MING, SANJAY RUPARELIA, VAMSICHARAN VAKULABHARANAM, AND WEI ZHONG); 8 CHINA IN THE GLOBAL ECONOMY: ENCOUNTERING THE SYSTEMIC RISKS (SUNANDA SEN); 9. OUTWARD FDI FROM CHINA AND INDIA: AN EXPLORATORY NOTE (R. NAGARAJ); 10. SCIENCE AND TECHNOLOGY FOR GOVERNANCE IN CHINA (PARTHASARATHI BANERJEE); 11. HAVE CHINA AND INDIA BECOME MORE INNOVATIVE SINCE THE ONSET OF REFORMS IN THE TWO COUNTRIES? (SUNIL MANI); 12. INCREASING INDUSTRIALIZATION OF R&D IN CHINA: EMPIRICAL OBSERVATIONS OF THE ROLE OF THE STATE (BIKRAMJIT SINHA); NOTES ON CONTRIBUTORS
Amiya Kumar Bagchi is Professor, Economics, and Director, Institute of Development Studies Kolkata, India. Anthony P. D'Costa is Professor, Indian Studies, and Research Director, Asia Research Centre, Department of International Economics and Management, Copenhagen Business School, Copenhagen, Denmark.
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