What Explains China’s Rise?

In any discussion on economic development, China invariably shows up. How did China manage an economic transformation that it now rivals even the greatest developed economy? Isn't it amazing that China did that without being a democracy? Or maybe precisely because it is an autocracy that it could do what India, the largest democracy in … Continue reading What Explains China’s Rise?

The Unbearably Sad Reality of India

Yesterday's Wall Street Journal reported how the US is pressuring India to (what effectively is) surrender its interests to Pakistan's whims. "U.S. Aims to Ease India-Pakistan Tension". Why? Because Pakistan presented to the US administration "a litany of accusations against the Indian government," and suggested "the U.S. intercede on Pakistan's behalf." Which the US is … Continue reading The Unbearably Sad Reality of India

Debunking Myths about China and India

Pranab Bardhan, a professor of mine at UC Berkeley, whom we have met before here (see Crouching Tiger, Lumbering Elephant, and Pranab Bardhan on the Indian Economy, for instance) has an excellent article in the Boston Review titled "What Makes a Miracle: Some myths about the Rise of China and India." (Hat tip: Yuvaraj Galada.) … Continue reading Debunking Myths about China and India

Crouching Tiger, Lumbering Elephant

In Crouching Tiger, Lumbering Elephant, an essay which recently appeared in a collection, Pranab Bardhan of UC Berkeley (one of my advisors during my doctoral work there) compares India and China while leading up to the main thesis of the paper. He concludes that By most criteria of standard economic measurements of levels of living … Continue reading Crouching Tiger, Lumbering Elephant