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
The Politics of Infrastructural Spending in India, Steven I. Wilkinson
Hat tip: Nitin at the Indian Economy Blog
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