The Dragon & the Elephant: Five Myths about the Chinese and Indian Economies
The 6th of the CIS ‘Meet the Researcher’ lecture series for 2010
China and India have seen growth at a spectacular pace over the last 20-30 years. The perception is that authoritarian China’s top-down economic model promotes order, efficiency and long-term planning at the expense of innovation and creativity, whereas democratic India’s bottom-up approach values private sector innovation but suffers from chaos, inefficiency, corruption and poor planning. CIS Foreign Policy Research Fellow Dr John Lee exposes five common myths about the economic rise of China and India and examines the genuine similarities and differences between their two approaches.