India and China in the World Economy (8/25/11)

India and China in the World Economy, and Why That Matters

William Miller, Herbert Hoover Professor of Public and Private Management Emeritus, Stanford Graduate School of Business; President Emeritus, SRI International
Rafiq Dossani, Senior Research Scholar, Shorenstein Asia-Pacific Research Center, Stanford University; Executive Director, South Asia Initiative
Sean Randolph, President and CEO, Bay Area Council Economic Institute - Moderator

India and China are the world's two most populous countries, with dynamic, fast-growing economies that are reshaping the economic balance of power. It is widely accepted that both countries are becoming forces to contend with -- which will present the United States with challenges and opportunities. But though they are often spoken of together, their political and economic systems are very different. The similarities and differences between India and China, the distinct economic paths they have chosen, and the success of their respective models will heavily influence the shape of the future global economy -- and the United States. Two noted experts on China and India will compare and contrast modern India and China, and assess their present and future roles.

Category:

News & Politics

Tags:

• commonwealth club
• china
• india
• economics
• outsourcing
• recession

[jia2001]

@roffpoff Everybody in the western countries think they are the best they got best technology if you search on Ancient China inventions you will be surprised and realize that Westerners are the copy cat around this world.

Heard of Chinese gunpowder, Paper, fire works, compass, stuff westerns copied China

Get a education and more importantly get a life you only embarrassing yourself here, dont talk about shit you dont know, you only listen to your media propaganda brainwashed moron!

[songchao528]

@roffpoff I believe india is a slum poor country with a fake so called democrecy, 70% indian are living in slums no clean water and toilets, they living in poverty and everday income less than 1$ ,

china is a modern industry deleloped country , china GDP is 5 times than india in 2012, we china go ahead india 50 years on all aspects, that is all.

[roffpoff]

I believe china is a bubble, copycats with low labor wages. In he future we need more knowledge workers. Dictatorships are not good model for compiling all the knowledge as a base for correct decision making in an advanced social reality.

[soumitra81]

The speaker from India is from Mumbai and knows nothing about India. He doesnt even know that Gujarat is the best performing state and Maharashtra is one of the worst. This one is a waste of time..

[soumitra81]

The Indian guys knows nothing about India.

[charles789789]

it not about country right or wrong, it about fight b/w rich and poor, it is very diffcuilt for a country grow there lot of force will not allow to grow only why is to balance rich and poor, if we fight with rich everybody will loose, it best way to do favour and get favour so that rich and poor can live in harmony, nowday every country is interdependent

[voltoz911420]

@powerofthroughts i said that india will cope up with china and india is becoming an economical power besides china and US and i said where r u frm

[voltoz911420]

@powerofthroughts yes it will india is also an emerging economical power besides china and US god is with us and btw where r u frm?

[voltoz911420]

@powerofthroughts india is capeble to match up with china as it has already surpassed chinese economy growth rate this year indian tech is advancing more and more

[ad17939]

China has an amazing cultural and technological past and it is only a matter of time before this massive civilization reasserts itself. India at the moment is quite far behind China in economic progress and in reducing rural poverty. However, people need to realize that these are two massive civilizations that were 25% and 30% of world's GDP in 1 AD(see Economist graph). There is no doubt that both of these Eastern civilization will dominate in the coming decades.