China vs. India HW
Adapted from: https://econreview.berkeley.edu/india-and-china-two-very-different-paths-to-development/ Posted On : April 30, 2018 Published By : BER staff There’s no doubt that the global balance of power has shifted east in recent years. The rise of India and China has fundamentally altered the modern world... Both nations, with their gigantic populations and extensive resources, now command yet again a level of worldwide influence not seen since the mid-19th century. And the rapid economic successes both achieved in recent history, China since 1978 and India since 1990, have helped to push Asia towards an unprecedented level of prosperity… While many like to focus on the similarities between India and China, what’s more important are the differences. Most central to this article is that the two nations rely on entirely different systems of political economy. India is the world’s largest parliamentary democracy, while China is a one-party dictatorship. India’s reforms have scaled