India's and China's Recent Experience with Reform and Growth

1. Front Matter

   Pages i-xxii

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2. India and China: An Essay in Comparative Political Economy

   • Meghnad Desai

   Pages 1-22

3. India’s Growth Experience

   • Kanhaiya Singh, Suman Bery

   Pages 23-58

4. China’s Economic Growth and Poverty Reduction (1978–2002)

   • Hu Angang, Hu Linlin, Chang Zhixiao

   Pages 59-90

5. Reform Strategies in the Indian Financial Sector

   • Saugata Bhattacharya, Urjit R. Patel

   Pages 91-131

6. Financial System Reform and Economic Development in China

   • Chen Yuan

   Pages 132-137

7. Bank Financing in India

   • Abhijit Banerjee, Shawn Cole, Esther Duflo

   Pages 138-157

8. Trade Liberalization and Its Role in Chinese Economic Growth

   • Nicholas R. Lardy

   Pages 158-169

9. India in the 1980s and the 1990s: A Triumph of Reforms

   • Arvind Panagariya

   Pages 170-200

10. Effects of Financial Globalization on Developing Countries: Some Empirical Evidence

    • Eswar Prasad, Kenneth Rogoff, Shang-Jin Wei, M. Ayhan Kose

    Pages 201-228

11. Understanding India’s Services Revolution

    • James Gordon, Poonam Gupta

    Pages 229-263

12. Capital Account Controls and Liberalization: Lessons for India and China

    • Jonathan Anderson

    Pages 264-274

13. Capital Account Liberalization: The Indian Experience

    • Narendra Jadhav

    Pages 275-307

Can China and India continue to rank among the fastest expanding economies? This book highlights what has worked and what more needs to be done to ensure sustained rapid economic growth and poverty reduction. Addressing the two countries' recent experiences with growth and reform, this book provides important insight for other developing economies.

• China
• Developing Countries
• Developing Economies
• development
• Economic Development
• economic growth
• globalization
• growth
• Import

JOHNATHAN ANDERSON Chief Economist, Asia, UBS Investment Bank, Hong Kong HU ANGANG Professor and Director, Center for China Studies, Chinese Academy of Sciences and Tsinghua University, China ABHIJIT BANERJEE Department of Economics, Massachussetts Institute of Technology, USA SAUGATA BHATTACHARYA Infrastructure Finance Development Corporation Ltd, Mumbai, India SUMAN BERY Director General, National Council of Applied Economic Research (NCAER), India SHAWN COLE Department of Economics, Massachusetts Institute of Technology, USA MEGHNAD DESAI Emeritus Professor of Economics, London School of Economies; Founder/Director, Center for the Study of Governance; and Member of the House of Lords, The United Kingdom Parliament, UK ESTHER DUFLO Department of Economics, Massachusetts Institute of Technology and National Bureau of Economic Research and Centre for Economic Policy Research, USA JAMES GORDON Chief, Division 3, Asia and Pacific Department, IMF, USA POONAM GUPTA Economist, Macroeconomic Studies Division, Research Department, IMF, USA NARANDRA JADHAV Principal Advisor and Chief Economist, Department of Economic Analysis and Policy, Reserve Bank of India, India M. AYHAN KOSE Economist, Economic Modelling Division, Research Department, IMF, USA NICHOLAS R. LARDY Senior Fellow, Institute for International Economics, USA HU LINLIN PhD Student, School of Public Policy and Management, Tsinghua University, Chjina ARVIND PANAGARIYA Bhagwati Professor of Indian Political Economy and Professor of Economics, Columbia University, USA URJIT R. PATEL Infrastructure Finance Development Corporation Ltd, Mumbai, India ESWAR PRASAD Chief, Financial Studies Division, Research Department, IMF, USA KENNETH ROGOFF Professor, Harvard University, USA KANHAIYA SINGH Senior Economist, National Council of Applied Economic Research (NCAER), India SHANG-JIN WEI Head, Trade Unit, Research Department, IMF, USA CHEN YUAN Governor, China Development Bank, China CHANG ZHIXIAO Associate Professor, School of Government, Peking University, China

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