Once a Close Economic Rival of China, India Falls Behind

Ulhas Joglekar uvj at vsnl.com
Sat Nov 30 17:28:34 PST 2002


Yoshie Furuhashi wrote:


> >China also enjoys unprecedented access in the US market. What is China's
> >balance of trade surplus with the US? $70 bn or $80bn? Which other
> >developing nation enjoys that kind benefit? Isn't that peculiar for a
> >"Marxist-Leninist" state.
>
> Not peculiar, however, for a state of China's size and pace of
> economic development, which has built a friendly relation with the
> USA since the middle of the Cold War.

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.


> At 6:32 AM +0530 11/30/02, 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?

Ulhas



More information about the lbo-talk mailing list