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Due to their sheer size and stake in the global economy, China and India have long been identified as the two giant economies of Asia. This book presents a highly engaging comparative study on the economic growth of China and India by examining the significance of the role of productivity in economic growth as well as their relations with regional partners. Through detailed analysis of trade, services, energy and pollution, readers are invited to follow the two distinctive development trajectories taken by the two countries, as well as challenged to consider the issue of sustainability of grow...

China -- Economic conditions -- 2000-. --- Economic development -- China -- History -- 21st century. --- Economic development -- India -- History -- 21st century. --- India -- Economic conditions -- 1991-. --- Industrial productivity -- China. --- Industrial productivity -- India. --- Economic development --- Industrial productivity --- Business & Economics --- Economic History --- History --- China --- India --- Economic conditions --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- E-books

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For India's economic reforms policy to succeed, its programmes should be firmly anchored in the reality of the social and micro-institutional context - something our policy makers often regrettably ignore. To break out of 8 or 9 per cent growth rates, we need more appropriate skill sets, development of proper attitudinal infrastructure, increased capital productivity, a more optimal savings rate and deliberate creation of socially productive market structures in several areas such as healthcare, public distribution and higher education. Employment is the best way to deliver growth to the vast multitude and reconcile the growth fixation of reformists and socialistic obsession with distribution. The book suggests several unconventional growth engines which can potentially deliver both and make 12 per cent growth rates realistically possible.

Economic development -- India. --- India -- Economic polic -- 21st century. --- Economic development --- Business & Economics --- Economic Theory --- India --- Economic polic --- Development, Economic --- Economic growth --- Growth, Economic --- Indland --- Ḣindiston Respublikasi --- Republic of India --- Bhārata --- Indii︠a︡ --- Inde --- Indië --- Indien --- Sāthāranarat ʻIndīa --- Yin-tu --- Bharat --- Government of India --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- インド --- Indo --- E-books --- هند --- Индия

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This book emphasizes the need for experimenting with more deliberate and rigorous policy processes to attain balanced regional development, which can promote both equity and efficiency in India’s development discourse. The institutional mechanisms for dealing with regional imbalance in India have not been very successful so far.With rising discrepancies in development, demand for autonomy continues along with a new dimension of regionalism arising from submerged identity along with political and economic aspirations, which demanded new channels for solution. So far, attempts to create space for autonomy have possibly not optimally accommodated the conceptual mechanisms like equity and democratic process. Thus democratizing policy process using six pillars of voice: knowledge, objective, fundamental values, implementation framework and public awareness can ensure a better policy outcome for dealing with the persistent challenges of regional disparity in India. This book further focuses on the need for democratizing the policy process for regional development through  discussion and inclusion. Such a transition needs innovation in policy regime, which can be attained through following six pillars (i) Democratic voice of stakeholders in policy development and implementation; (ii) Clear policy objectives that advance the common good, based on voice; (iii) Unbiased, sound and comprehensive knowledge and data bases; (iv) Consistency with constitutional values; (v) A sound implementation framework ensuring user-friendliness,transparency and rationality of decision-making processes, effective grievance redress, clear accountability and independent evaluation; (vi) Public awareness and support of policies with relevant and public participation in implementation.

Economics/Management Science. --- Development Economics. --- Regional/Spatial Science. --- Economic Geography. --- Public Finance & Economics. --- Economics. --- Geography. --- Finance. --- Regional economics. --- Economie politique --- Géographie --- Finances --- Economie régionale --- Economic development -- India. --- Information technology -- India. --- Regional economics -- India. --- Business & Economics --- Economic Theory --- Information technology --- Economic development --- Regional economics --- Development, Economic --- Economic growth --- Growth, Economic --- Economic geography. --- Public finance. --- Development economics. --- Spatial economics. --- Public Economics. --- Economics --- Regional planning --- Regionalism --- Space in economics --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Cameralistics --- Public finance --- Currency question --- Cosmography --- Earth sciences --- World history --- Public finances --- Geography, Economic --- World economics --- Geography --- Commercial geography --- Spatial economics

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Following the reforms undertaken in the last two decades, India’s economic landscape has been radically transformed. This book examines the new economic map, which is shown to be shaped by two intertwined currents: globalization and sustainability. Weaving extensively through these currents and the canvas of development in the Indian economy they open up, this work seeks to introduce new methodologies, a corpus of concepts and modes of analysis to make sense of the emerging order of things. What transpires in the course of the investigation is a critical reflection of the present in which not only the new institutions, policies and practices are analyzed, but their limitations, fragility and at times myopic approaches are brought to light. By highlighting the rough edges created by the new conditions, this book is firmly engaged with the frontier of the Indian economy and ends up challenging many well-known conjectures and assumptions. In doing so, it strives to shift the Indian economy to a new terrain, thereby fundamentally re-locating and re-orienting the discourse of that economy as a unique object of analysis.

Economic development -- India. --- Sustainability -- India. --- Business & Economics --- Economic Theory --- Economic development --- Sustainability --- Sustainability science --- Development, Economic --- Economic growth --- Growth, Economic --- Globalization. --- Markets. --- Economic policy. --- Social policy. --- Development economics. --- Economic growth. --- Environmental economics. --- Economics. --- Development Economics. --- Emerging Markets/Globalization. --- Economic Growth. --- Economic Policy. --- Environmental Economics. --- Social Policy. --- Human ecology --- Social ecology --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- National planning --- State planning --- Family policy --- Social history --- Environmental quality --- Economic nationalism --- Economic planning --- Planning --- National security --- Social policy --- Global cities --- Globalisation --- Internationalization --- International relations --- Anti-globalization movement --- Environmental aspects --- Economic aspects --- Public markets --- Commerce --- Fairs --- Market towns

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"In December 2009, the economist Kaushik Basu left the rarefied world of academic research for the nuts and bolts of policymaking. Appointed by the then Prime Minister of India, Manmohan Singh, to be chief economic adviser (CEA) to the Government of India, Basu -- a theorist, with special interest in development economics, and a professor of economics at Cornell University -- discovered the complexity of applying economic models to the real world. Effective policymaking, Basu learned, integrates technical knowledge with political awareness. In this book, Basu describes the art of economic policymaking, viewed through the lens of his two and a half years as CEA. Basu writes from a unique perspective -- neither that of the career bureaucrat nor that of the traditional researcher. Plunged into the deal-making, non-hypothetical world of policymaking, Basu suffers from a kind of culture shock and views himself at first as an anthropologist or scientist, gathering observations of unfamiliar phenomena. He addresses topics that range from the macroeconomic -- fiscal and monetary policies -- to the granular -- designing grain auctions and policies to assure everyone has access to basic food. Basu writes about globalization and India's period of unprecedented growth, and he reports that at a dinner hosted by Prime Minister Manmohan Singh, President Obama joked to him, 'You should give this guy some tips' -- 'this guy' being Timothy Geithner. Basu describes the mixed success of India's anti-poverty programs and the problems of corruption, and considers the social norms and institutions necessary for economic development. India is, Basu argues, at an economics crossroad. As CEA from 2009 to 2012, he was present at the creation of a potential economic powerhouse"--Provided by publisher.

Economists --- Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Social scientists --- Basu, Kaushik. --- Kaushik Basu --- India --- Indland --- Ḣindiston Respublikasi --- Republic of India --- Bhārata --- Indii︠a︡ --- Inde --- Indië --- Indien --- Sāthāranarat ʻIndīa --- Yin-tu --- Bharat --- Government of India --- インド --- Indo --- Officials and employees. --- Politics and government --- E-books --- ECONOMICS/Trade & Development --- SOCIAL SCIENCES/Political Science/Public Policy & Law --- HUMANITIES/Biography & Autobiography --- هند --- Индия --- Economists - India --- Economic development - India --- Basu, Kaushik --- India - Economic policy - 1991 --- -India - Officials and employees --- India - Politics and government - 1977 --- -Economists