New book: 'Dancing with Giants: China, India and the global economy'

A draft volume of the new World Bank report Dancing with Giants: China, India and the global economy has been posted online:

Drawing upon the latest research, this volume analyzes the influences on the rapid future development of these two countries and examines how their growth is likely to impinge upon other countries. It considers international trade, industrialization, foreign investment and capital flows, and the implications of their broadening environmental footprints. It also discusses how the two countries have tackled poverty, inequality and governance issues and whether progress in these areas will be a key to rapid and stable growth.

The background papers are also available. It's an impressive collection:

Can India Attain the East Asian Growth with South Asian Saving Rate? Deepak Mishra

China, India and the World Economy, T.N. Srinivasan

China's Politicized Capitalism, Victor Nee and Sonja Opper

China vs. India: A Microeconomic Look at Comparative Macroeconomic Performance, Taye Mengistae, Lixin Colin Xu, Bernard Yeung

The Coming Age of China-plus-One: The Japanese Perspective on East Asian Production Network, Masahisa Fujita and Nobuaki Hamaguchi

A Comparative Study of the Role of the Service Sector in the Economic Development of China and India, Deunden Nikomborirak

Does ‘Good Government’ Draw Foreign Capital? Explaining China’s Exceptional FDI Inflow, Joseph P.H. Fan, Randall Morck, Lixin Colin Xu, and Bernard Yeung

The Domestic Financial System and Capital Flows: China, Chong-En Bai

The Emergence of the Chinese and Indian Automobile Industries and Implications for other Developing Countries, Gregory W. Noble

External Liberalization and the Evolution of China’s Exchange System: an Empirical Approach, Min Zhao

Growth, Governance, and Institutions: The Internal Institutions of the Party-State in China, Susan H. Whiting

How Integrated Are Chinese and Indian Labor into the World Economy? Richard N. Cooper

How Will China's Saving-Investment Balance Evolve? Louis Kuijs (aslo published as World Bank Working Paper Series Number 3598)

IMACLIM-R: A Modeling Framework for Sustainable Development Issues, Renaud Crassous, Jean-Charles Hourcade, Olivier Sassi, Vincent Gitz, Sandrine Mathy, Meriem Hamdi-Cherif

Impact of China and India on Global Commodity Markets: Focus on Metals & Minerals and Petroleum, Shane Streifel

Indian Manufacturing: A Slow Sector In A Rapidly Growing Economy, Devashish Mitra and Beyza P. Ural

The International Balance Sheets of China and India, Philip R. Lane

The Interplay Between Capital Flows and the Domestic Indian Financial System, Ila Patnaik and Ajay Shah

Large Domestic Non-Intermediated Investments and Government Liabilities – Challenges Facing China’s Financial Sector Reform, David D. Li

The Politics of Infrastructural Spending in India, Steven I. Wilkinson

Hat tip: Nitin at the Indian Economy Blog

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