Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India

Bardhan, Pranab

ISBN 10: 0691129940 / ISBN 13: 9780691129945

Published by Princeton University Press, 2010

Very Good condition. Like New dust jacket. A copy that may have a few cosmetic defects. May also contain light spine creasing or a few markings such as an owner's name, short gifter's inscription or light stamp. Seller Inventory # B17A-03590

Synopsis:

The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world's income by 2025. Yet, many of the views regarding China and India's market reforms and high growth have been tendentious, exaggerated, or oversimplified. Awakening Giants, Feet of Clay scrutinizes the phenomenal rise of both nations, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century. Exploring the challenges that both countries must overcome to become true leaders in the international economy, Pranab Bardhan looks beyond short-run macroeconomic issues to examine and compare China and India's major policy changes, political and economic structures, and current general performance. Bardhan investigates the two countries' economic reforms, each nation's pattern and composition of growth, and the problems afflicting their agricultural, industrial, infrastructural, and financial sectors. He considers how these factors affect China and India's poverty, inequality, and environment, how political factors shape each country's pattern of burgeoning capitalism, and how significant poverty reduction in both countries is mainly due to domestic factors--not global integration, as most would believe. He shows how authoritarianism has distorted Chinese development while democratic governance in India has been marred by severe accountability failures. Full of valuable insights, Awakening Giants, Feet of Clay provides a nuanced picture of China and India's complex political economy at a time of startling global reconfiguration and change.

About the Author: Pranab Bardhan is professor of economics at the University of California, Berkeley. His books include "Scarcity, Conflicts, and Cooperation".

Bibliographic Details

Title: Awakening Giants, Feet of Clay: Assessing ...
Publisher: Princeton University Press
Publication Date: 2010
Binding: Hardcover
Condition: Very Good
Dust Jacket Condition: Dust Jacket Included