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Awakening giants, feet of clay : assessing the economic rise of China and India /
Pranab Bardhan.
imprint
Princeton, NJ : Princeton University Press, c2010.
description
172 p.
ISBN
0691129940 (hardback : alk. paper), 9780691129945 (hardback : alk. paper)
format(s)
Book
Holdings
More Details
imprint
Princeton, NJ : Princeton University Press, c2010.
isbn
0691129940 (hardback : alk. paper)
9780691129945 (hardback : alk. paper)
contents note
Introduction : the myths floating around the giants -- Economic reform and growth : differing patterns and institutions -- Agriculture : still the most crowded sector -- Infrastructure : the dazzling difference -- High saving, low financial intermediation -- The pattern of burgeoning capitalism -- Poverty and inequality : how is the growth shared? -- The social sector : the relevance of the socialist legacy -- Environment : the alarming signs -- Looking to the future : through the lens of political economy.
catalogue key
7116308
 
Includes bibliographical references (p. [161]-168) and index.
A Look Inside
Excerpts
Flap Copy
"Bardhan's book is erudite, informative, and accessible, and his scrutiny of the conventional wisdom about the past quarter century of reform in China and India is always provocative. You do not have to agree with him to be stimulated and rewarded by his insightful scholarship. This book deserves a wide audience."-- Tarun Khanna, author of Billions of Entrepreneurs: How China and India Are Reshaping Their Futures, and Yours "Of the several books making general comparisons of the recent growth experiences of China and India, this one is the best I have read. It is full of useful data, it is a great source of information, and it contains insights that will be interesting to general readers."-- Kaushik Basu, Cornell University "This book is an important reference for anyone interested in growth and poverty alleviation in China and India. It makes eye-opening comparisons and offers acute insights across such wide-ranging topics as poverty and inequality, labor and anticompetitive regulations, industrial concentration in India compared to other countries, electricity in Indian agriculture, Chinese financing of roads, and Indian and Chinese business-state relations."-- Philip Keefer, World Bank
Flap Copy
"Bardhan's book is erudite, informative, and accessible, and his scrutiny of the conventional wisdom about the past quarter century of reform in China and India is always provocative. You do not have to agree with him to be stimulated and rewarded by his insightful scholarship. This book deserves a wide audience."--Tarun Khanna, author of Billions of Entrepreneurs: How China and India Are Reshaping Their Futures, and Yours "Of the several books making general comparisons of the recent growth experiences of China and India, this one is the best I have read. It is full of useful data, it is a great source of information, and it contains insights that will be interesting to general readers."--Kaushik Basu, Cornell University "This book is an important reference for anyone interested in growth and poverty alleviation in China and India. It makes eye-opening comparisons and offers acute insights across such wide-ranging topics as poverty and inequality, labor and anticompetitive regulations, industrial concentration in India compared to other countries, electricity in Indian agriculture, Chinese financing of roads, and Indian and Chinese business-state relations."--Philip Keefer, World Bank
Flap Copy
"Bardhan's book is erudite, informative, and accessible, and his scrutiny of the conventional wisdom about the past quarter century of reform in China and India is always provocative. You do not have to agree with him to be stimulated and rewarded by his insightful scholarship. This book deserves a wide audience."--Tarun Khanna, author ofBillions of Entrepreneurs: How China and India Are Reshaping Their Futures, and Yours"Of the several books making general comparisons of the recent growth experiences of China and India, this one is the best I have read. It is full of useful data, it is a great source of information, and it contains insights that will be interesting to general readers."--Kaushik Basu, Cornell University"This book is an important reference for anyone interested in growth and poverty alleviation in China and India. It makes eye-opening comparisons and offers acute insights across such wide-ranging topics as poverty and inequality, labor and anticompetitive regulations, industrial concentration in India compared to other countries, electricity in Indian agriculture, Chinese financing of roads, and Indian and Chinese business-state relations."--Philip Keefer, World Bank
Flap Copy
"Of the several books making general comparisons of the recent growth experiences of China and India, this one is the best I have read. It is full of useful data, it is a great source of information, and it contains insights that will be interesting to general readers."--Kaushik Basu, Cornell University"This book is an important reference for anyone interested in growth and poverty alleviation in China and India. It makes eye-opening comparisons and offers acute insights across such wide-ranging topics as poverty and inequality, labor and anti-competitive regulations, industrial concentration in India compared to other countries, electricity in Indian agriculture, Chinese financing of roads, and Indian and Chinese business-state relations."--Philip Keefer, World Bank
Full Text Reviews
Appeared in Choice on 2010-10-01:
There is abundant literature on the comparative development of India and China, but most of it explains the difference in their growth rates on the macro level on ideological grounds: slower growth rate in democratic India versus faster development in authoritarian China. In this well-written and properly documented study, Bardhan (Univ. of California, Berkeley) examines growth in different sectors of the economies, particularly agriculture, industry, trade, infrastructure, savings, and investment rates. He uses up-to-date statistical data and relevant literature to discuss the impact of development in these sectors on the level of poverty and income distribution in the two countries. This volume is an important reference for advanced students and researchers interested in the economic growth of these two Asian giants. Summing Up: Highly recommended. Academic collections, upper-division undergraduate and up. J. S. Uppal SUNY at Albany
Reviews
Review Quotes
Bardhan's book is a good place to understand the political economy of constraints the two economies are likely to face as they march ahead.
"Bardhan's book is a good place to understand the political economy of constraints the two economies are likely to face as they march ahead."-- Siddharth Singh, Mint
Bardhan's book is a good place to understand the political economy of constraints the two economies are likely to face as they march ahead. -- Siddharth Singh, Mint
Bardhan's refusal to shy away from complexity I refreshing, and it is this which distinguishes his book from many others in the field. . . . Although this is a book primarily focused on economics, it is not written solely for economists. It is a concise, accessible volume which can provide a valuable resource for anyone wanting to understand better the myriad complexities surrounding the rise of China and India.
"Bardhan's refusal to shy away from complexity I refreshing, and it is this which distinguishes his book from many others in the field. . . . Although this is a book primarily focused on economics, it is not written solely for economists. It is a concise, accessible volume which can provide a valuable resource for anyone wanting to understand better the myriad complexities surrounding the rise of China and India."-- Louise Merrington, China Journal
Bardhan's refusal to shy away from complexity I refreshing, and it is this which distinguishes his book from many others in the field. . . . Although this is a book primarily focused on economics, it is not written solely for economists. It is a concise, accessible volume which can provide a valuable resource for anyone wanting to understand better the myriad complexities surrounding the rise of China and India. -- Louise Merrington, China Journal
[E]xcellent. . . . Bardhan writes with remarkable clarity about complex issues, such as the widely varying ways that corruption can affect the economy, and the positive as well as negative legacy of the Maoist era for China in terms of its recent trajectory. . . . He also shows some welcome stylistic flair, quoting poetry to good effect in one section (how often do economists do that?).
"[E]xcellent. . . . Bardhan writes with remarkable clarity about complex issues, such as the widely varying ways that corruption can affect the economy, and the positive as well as negative legacy of the Maoist era for China in terms of its recent trajectory. . . . He also shows some welcome stylistic flair, quoting poetry to good effect in one section (how often do economists do that?)."-- Jeff Wasserstrom, Forbes.com
[E]xcellent. . . . Bardhan writes with remarkable clarity about complex issues, such as the widely varying ways that corruption can affect the economy, and the positive as well as negative legacy of the Maoist era for China in terms of its recent trajectory. . . . He also shows some welcome stylistic flair, quoting poetry to good effect in one section (how often do economists do that?). -- Jeff Wasserstrom, Forbes.com
Pranab Bardhan's Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India . . . succinctly summarizes the challenges facing China and India, including environmental degradation, unfavorable demographics, poor infrastructure, and social inequality--threats that the leaders of China and India understand. . . . A more contentious claim offered by Bardhan is that internal reform--not the global market--has been the key driver of both countries' growth.
"Pranab Bardhan's Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India . . . succinctly summarizes the challenges facing China and India, including environmental degradation, unfavorable demographics, poor infrastructure, and social inequality--threats that the leaders of China and India understand. . . . A more contentious claim offered by Bardhan is that internal reform--not the global market--has been the key driver of both countries' growth."-- Simon Tay, Foreign Affairs
Pranab Bardhan's Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India . . . succinctly summarizes the challenges facing China and India, including environmental degradation, unfavorable demographics, poor infrastructure, and social inequality--threats that the leaders of China and India understand. . . . A more contentious claim offered by Bardhan is that internal reform--not the global market--has been the key driver of both countries' growth. -- Simon Tay, Foreign Affairs
Pranab Bardhan'sAwakening Giants, Feet of Clay: Assessing the Economic Rise of China and India. . . succinctly summarizes the challenges facing China and India, including environmental degradation, unfavorable demographics, poor infrastructure, and social inequality--threats that the leaders of China and India understand. . . . A more contentious claim offered by Bardhan is that internal reform--not the global market--has been the key driver of both countries' growth. -- Simon Tay, Foreign Affairs
The author of this small volume is to be commended for packing so much useful information and analysis into such a short space.
"The author of this small volume is to be commended for packing so much useful information and analysis into such a short space."-- Dwight H. Perkins, Developing Economies
The author of this small volume is to be commended for packing so much useful information and analysis into such a short space. -- Dwight H. Perkins, Developing Economies
There is abundant literature on the comparative development of India and China, but most of it explains the difference in their growth rates on the macro level on ideological grounds: slower growth rate in democratic India versus faster development in authoritarian China. In this well-written and properly documented study, Bardhan examines growth in different sectors of the economies, particularly agriculture, industry, trade, infrastructure, savings, and investment rates. . . . This volume is an important reference for advanced students and researchers interested in the economic growth of these two Asian giants. -- Choice
The strongest point in Bardhan's study is his insightful account of the role of democracy in promoting as well as hindering economic growth.
"The strongest point in Bardhan's study is his insightful account of the role of democracy in promoting as well as hindering economic growth."-- Nayan Chanda, BusinessWorld
The strongest point in Bardhan's study is his insightful account of the role of democracy in promoting as well as hindering economic growth. -- Nayan Chanda, BusinessWorld
Bardhan's book is erudite, informative, and accessible, and his scrutiny of the conventional wisdom about the past quarter century of reform in China and India is always provocative. You do not have to agree with him to be stimulated and rewarded by his insightful scholarship. This book deserves a wide audience.
Of the several books making general comparisons of the recent growth experiences of China and India, this one is the best I have read. It is full of useful data, it is a great source of information, and it contains insights that will be interesting to general readers.
This book is an important reference for anyone interested in growth and poverty alleviation in China and India. It makes eye-opening comparisons and offers acute insights across such wide-ranging topics as poverty and inequality, labor and anti-competitive regulations, industrial concentration in India compared to other countries, electricity in Indian agriculture, Chinese financing of roads, and Indian and Chinese business-state relations.
This item was reviewed in:
Choice, October 2010
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Summaries
Bowker Data Service Summary
This volume scrutinizes the phenomental rise of both China and India, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century.
Main Description
The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world's income by 2025. Yet, many of the views regarding China and India's market reforms and high growth have been tendentious, exaggerated, or oversimplified. Awakening Giants, Feet of Clay scrutinizes the phenomenal rise of both nations, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century. Exploring the challenges that both countries must overcome to become true leaders in the international economy, Pranab Bardhan looks beyond short-run macroeconomic issues to examine and compare China and India's major policy changes, political and economic structures, and current general performance. Bardhan investigates the two countries' economic reforms, each nation's pattern and composition of growth, and the problems afflicting their agricultural, industrial, infrastructural, and financial sectors. He considers how these factors affect China and India's poverty, inequality, and environment, how political factors shape each country's pattern of burgeoning capitalism, and how significant poverty reduction in both countries is mainly due to domestic factors--not global integration, as most would believe. He shows how authoritarianism has distorted Chinese development while democratic governance in India has been marred by severe accountability failures. Full of valuable insights, Awakening Giants, Feet of Clay provides a nuanced picture of China and India's complex political economy at a time of startling global reconfiguration and change.
Main Description
The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world's income by 2025. Yet, many of the views regarding China and India's market reforms and high growth have been tendentious, exaggerated, or oversimplified.Awakening Giants, Feet of Clayscrutinizes the phenomenal rise of both nations, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century. Exploring the challenges that both countries must overcome to become true leaders in the international economy, Pranab Bardhan looks beyond short-run macroeconomic issues to examine and compare China and India's major policy changes, political and economic structures, and current general performance.Bardhan investigates the two countries' economic reforms, each nation's pattern and composition of growth, and the problems afflicting their agricultural, industrial, infrastructural, and financial sectors. He considers how these factors affect China and India's poverty, inequality, and environment, how political factors shape each country's pattern of burgeoning capitalism, and how significant poverty reduction in both countries is mainly due to domestic factors--not global integration, as most would believe. He shows how authoritarianism has distorted Chinese development while democratic governance in India has been marred by severe accountability failures.Full of valuable insights,Awakening Giants, Feet of Clayprovides a nuanced picture of China and India's complex political economy at a time of startling global reconfiguration and change.
Table of Contents
Prefacep. vii
Introduction: The Myths Floating around the Giantsp. 1
Economic Reform and Growth: Differing Patterns and Institutionsp. 19
Agriculture: Still the Most Crowded Sectorp. 42
Infrastructure: The Dazzling Differencep. 54
High Saving, Low Financial Intermediationp. 65
The Pattern of Burgeoning Capitalismp. 78
Poverty and Inequality: How Is the Growth Shared?p. 90
The Social Sector: The Relevance of the Socialist Legacyp. 104
Environment: The Alarming Signsp. 117
Looking to the Future: Through the Lens of Political Economyp. 125
Referencesp. 161
Indexp. 169
Table of Contents provided by Ingram. All Rights Reserved.

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