000			01514pab a2200193 454500
008			180718b2009 xxu||||| |||| 00| 0 eng d
100			_aBasu, Kaushik
245			_aChina and India: idiosyncratic paths to high growth
260			_c2009
300			_ap.43-56.
362			_a19 Sep
520			_aIf the Chinese economy had failed, mainstream economics would have described this as completely predictable, given the extent and nature of involvement of the Chinese state in the functioning of markets and the economy. The fact that China has succeeded therefore should lead us to question our textbook doctrines of development. Much of this paper is presented as a comparative study of India, China and, briefly, other Asian nations. It is shown that the mainsprings of development in these nations are widely different, even though their trajectories of growth are converging. The paper argues that social and political priming plays a major role in determining which economic policies will work. In the case of China, while the liberalisation from 1978 onwards was important, the social preconditioning achieved during the high-noon of the Maoist period, up to 1978, was no less significant. In judging the sustainability of growth in Asia it is essential to keep these social and political factors in mind. - Reproduced.
650			_aEconomic growth - India
650			_aEconomic growth - China
650			_aEconomic growth
773			_aEconomic and Political Weekly
908			_aN
909			_a83989
999			_c83989 _d83989