Once a Close Economic Rival of China, India Falls Behind

Yoshie Furuhashi furuhashi.1 at osu.edu
Sun Dec 1 16:39:45 PST 2002


At 6:58 AM +0530 12/1/02, Ulhas Joglekar wrote:
>India's trade surplus with the US is not even one tenth of that of
>China. Indian economy is not one tenth of China's economy, whether
>in population or in GDP. China was an ally of the US in the struggle
>against the fSU. India wasn't.

The "war on terrorism" brings China yet closer to USA and some interests of India and Russia in alignment with USA's. It will be interesting to see how it will affect US economic policy toward them.

At 6:58 AM +0530 12/1/02, Ulhas Joglekar wrote:
> > >China has a compulsory one child policy, India doesn't have that policy.
>>
>> Amartya Sen writes that "Many of China's longstanding social and
>> economic programs have been valuable in reducing fertility, including
>> those that have expanded education for women as well as men, made
>> health care more generally available, provided more job opportunities
>> for women, and stimulated rapid economic growth. These factors would
>> themselves have reduced the birth rates, and it is not clear how much
>> 'extra lowering' of fertility rates has been achieved in China
>> through compulsion" (Amartya Sen, "Population: Delusion and Reality,"
>
>Why China needs one child policy, if it doesn't contribute to the lowering
>of fertility?

The party elite in China must have thought that it would. The elite in general tend to prefer a top-down solution to any problem, unless stiffly resisted from below, even when the solution in question does not work _and_ there are proven solutions that work better than it. -- Yoshie

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