From the International Herald Tribune:
China and India, as the world’s fastest-growing major economies, compete for foreign investment, access to oil and gas, and diplomatic clout.
But their defining battle may be over ideas: can an Indian political model based on democracy, due process and the rule of law, rival the Chinese political model of unbridled government authority as a formula for making poor countries rich?
The effectiveness of the Chinese model is evident in its annual growth rate, which is near 10 percent, but its sustainability is questionable.
