Is China's economy better than the Indian economy

Economic policy in China and India in comparison

[Working paper]

Corporate editor
Free University of Berlin, Department of Political and Social Sciences, Otto Suhr Institute for Political Science, International Political Economy

Abstract

Both China and India have undergone remarkable economic transformations over the past 30 years. Two future economic and political superpowers have grown out of the two economically underdeveloped states. Despite numerous reforms aimed at liberalization ... more

Both China and India have undergone remarkable economic transformations over the past 30 years. Two future economic and political superpowers have grown out of the two economically underdeveloped states. Despite numerous reforms to liberalize the national economies, the state is still the most important actor in economic policy in both countries. Based on the state-centered model of the Developmental State, the work compares the economic policy institutions, actors and industrial policies of China and India. The work comes to the conclusion that China has developed into a developmental state in the course of the investigation period and can therefore be described as such today with restrictions. India, on the other hand, shows only partial correspondence with the model and no clear development towards a developmental state is discernible. The results of the work also show that, with regard to China and India, an extension of the theoretical approach of the Developmental State to include a vertical or regional analysis level can be viewed as analytically promising .... less


Both China and India have undergone a remarkable economic transformation in the last 30 years. The two economically underdeveloped countries are developing into future economic and political superpowers. Despite many reforms to liberalize the economies, the state is still the most important economic ... more

Both China and India have undergone a remarkable economic transformation in the last 30 years. The two economically underdeveloped countries are developing into future economic and political superpowers. Despite many reforms to liberalize the economies, the state is still the most important economic actor in both countries. This paper draws a comparison between the politico-economic institutions, actors and industrial policy of China and India based on the state-centered theoretical model of the developmental state. The paper arrives at the conclusion that China has emerged as a developmental state and therefore can today be labeled as one. India is only fractionally analogous to the model and not explicitly developing towards a developmental state. In addition, this paper draws the conclusion that in regard to China and India, an extension of the theoretical approach of the developmental state with a vertical, respectively regional level of analysis appears promising .... less

Thesaurus keywords
China; India; Economic policy; Economic growth; Economic development; Industrial policy; state influence; government planning; Regulation; Liberalization; Development strategy; East Asia; South asia

classification
Economic theory
Economic policy

Language document
German

Year of publication
2011

Place of publication
Berlin

Page reference
94 pp.

Series of publications
PIPE - Papers on International Political Economy, 9/2012

ISSN
1869-8468

status
Release version; appraised

License
Digital Peer Publishing License - basic module