Transformation and Development: The Political Economy of Transition in India and China
Amiya Kumar Bagchi and Anthony P. D'Costa
Abstract
India and China—the two largest and fastest growing economies in the world—are contributing to the realignment of the global economy while most of the advanced capitalist countries are reeling under a severe financial crisis. At the same time, the transition in the two countries is characterized by deep rural poverty and underdevelopment, 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 transforma ... More
India and China—the two largest and fastest growing economies in the world—are contributing to the realignment of the global economy while most of the advanced capitalist countries are reeling under a severe financial crisis. At the same time, the transition in the two countries is characterized by deep rural poverty and underdevelopment, 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 on 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.
Keywords:
India,
China,
economic development in India and China,
rural poverty,
inequality,
exports markets,
land grabs,
crony capitalism,
east-west relations,
north-south relations,
India-China comparison
Bibliographic Information
| Print publication date: 2012 |
Print ISBN-13: 9780198082286 |
| Published to Oxford Scholarship Online: January 2013 |
DOI:10.1093/acprof:oso/9780198082286.001.0001 |
Authors
Affiliations are at time of print publication.
Amiya Kumar Bagchi, editor
Professor, Economics, and Director, Institute of Development Studies Kolkata, India
Anthony P. D'Costa, editor
Professor, Indian Studies, and Research Director, Asia Research Centre, Department of International Economics and Management, Copenhagen Business School, Copenhagen, Denmark
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