Economic Growth in China and India Free Essay

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Economic Growth in China and India

Economic Growth in China and India On the whole, therefore, the early accounts of comparative progress should show advantages for the Indian effort. Moreover, even if the Chinese program were to gain momentum relative to India’s---by its fourth or fifth year, say---the longer-run outcome would probably be a very much greater relative increase in Chinese total output than in her standards of consumption. (Malenbaum, 1956, p1) Introduction The World’s two most populous countries, China and India, are currently engaged in an attempt to liberalize and revitalize their economies. By 1950, India’s per capita income was about 40% higher than China’s, and it took roughly the next three decades for China to catch up. However, since 1980,

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