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David Smith. The Sunday Times. China and India. The Dragon & the Elephant. They were mighty once before. And they’re becoming mighty again. A purple patch for the world economy. Global living standards are rising. Global price competition.
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David Smith The Sunday Times
China and India The Dragon & the Elephant
Global price competition (a) These data have not been adjusted for missing trader intra-community (MTIC) fraud. (b) Bank estimate. Defined as food, beverages and tobacco, basic materials, fuels, semi-manufactures and other miscellaneous goods. (c) Data for 2006 are only available up to September. The full calendar year estimate has been calculated by applying the annual growth rate over this period to the 2005 level.
Different models of development • China, export and investment-led growth • India, less open to trade and FDI • Chinese FDI 10x India – a source of strength or weakness? • Chinese emphasis on manufacturing, India on services
China versus India • Demographics • Old-style manufacturing versus IT services • How much catching-up does India have to do?