Thursday, March 24, 2005

ASSESSMENT: Advantage China


Despite different political systems, China and India are aggressively pursuing economic liberalisation for growth. Both the countries tout science and technology, and exports as a basis for their growth. Yet, their strategic paths for economic development are remarkably different. China's strategy is methodical and deliberate, while that of India's is chaotic and opportunistic. This article compares the growth strategies of China and India since they will impact a third of humankind by 2050, influence world-wide job migration, and provide valuable lessons for other developing countries......More