What China Can Learn From India

Professor Yasheng Huang, in , writes:

The idea that there is a trade-off between economics and is ingrained in the minds of many policymakers and executives in , as well as the . But that idea has never been systematically proven. If , with its noisy, chaotic, and lumbering political arrangements, can grow, then no other poor country must face a Faustian choice between growth and democracy. A deeper look at the two countries shows that they have succeeded and failed at different times for remarkably similar reasons. Their economies performed when their politics turned liberal; their performances faltered when their politics slid backward. Now, as many poor countries grapple with similar political and economic choices, we must understand this dynamic. It is high time to get the China-India story right.

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