This book and its companion volume offer a better understanding of the lessons that Indian policymakers can learn from China's economic experience over the last 40 years. The aim of the two books together is to evaluate China's incremental reforms and how these reforms have impacted on the Chinese economy, based on a classical rather than from a neoclassical perspective using a case study method.
In this first volume, the author examines India's emergence from socialism and central planning as being in sharp contrast to China's experience, and considers how we might compare the institutional difference between the countries. It also covers a theoretical grounding for the comparison of the two largest populated countries in the world, which will be taken up by the second volume.
Dr Sangaralingam Ramesh is Economics Tutor in the Department of Continuing Education at the University of Oxford, UK, Lecturer in Economics at the Universite Paris Dauphine GBD in London, UK, and Economics Module Leader at Kings College London, University of London, UK. He has published articles in International Journal of Economic Sciences and Applied Research, Journal of the Knowledge Economy and Journal of Economics and Sustainable Development.
1. Introduction.- 2. The Economic History of India.- 3. Institutional Differences, Models of Economic Growth & Socio-Economic Costs of Development.- 4. Modelling China's Economic Growth.- 5. Spatial Economics A Theoretical Framework.- 6. Infrastructure Trade and Income Disparities.- 7. Transportation Infrastructure and Spatial Development in China