Introduction: The myths floating around the giants -- Economic reform and growth: differing patterns and institutions -- Agriculture: still the most crowded sector -- Infrastructure: the dazzling difference -- High saving, low financial intermediation -- The pattern of burgeoning capitalism -- Poverty and inequality: how is the growth shared? -- The social sector: the relevance of the socialist legacy -- Environment: the alarming signs -- Looking to the future: through the lens of political economy -- Afterword to the paperback edition
Summary
"The recent economic rise of China and India has attracted a great deal of attention. Yet, many of the views regarding their 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 structures, and current general performance. 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."--Provided by publisher
Notes
"With a new afterword by the author."
Originally published: 2010
Bibliography
Includes bibliographical references (pages 167-174) and index
