March 2006
China And India: Myths Exploded
Today China, tomorrow India seems to be the watchword these days. China’s gigantic impact on the world economy is likely to be repeated by its subcontinental neighbour, goes this line of thought, once the Indians figure out how to build roads and airports.
Not quite. The fact is that aside from being large and in Asia, China and India have virtually nothing in common. India is not the “the next China” – it is simply the only India, which is burden and promise enough. Its growth dynamics are not “China minus X years”; they are simply different. CEQ explains the differences, and examines the contours of the growing India-China economic relationship.
Also in this issue:
Tom Miller looks at how the regions along the Yangtze are faring
Lynette Ong analyzes the fiscal problems facing local government
Matt Forney explores the factors underlying recent bouts of rural unrest