China and India: learning from each other: reforms and policies for sustained growth

$35.00

Banking sector reform in India / Nachiket Mor, R. Chandrasekar, and Diviya Wahi --
Reforming China's banking system: how much can foreign strategic investment help? / Nicholas Hope and Fred Hu --
Banking system structure in China and India / Luo Ping --
Development of the securities market in India / G.N. Bajpai --
Development of securities markets: the Indian experience / Narendra Jadhav --
Accelerating the external and internal opening up of China's securities industry / Xinghai Fang, Ti Liu, and Donghui Shi --
Domestic financial liberalization and international financial integration: an Indian perspective / Suman Bery and Kanhaiya Singh --
Putting the cart before the horse? Capital account liberalization and exchange rate flexibility in China / Eswar Prasad, Thomas Rumbaugh, and Qing Wang --
Some apparent puzzles for contemporary monetary policy / Rakesh Mohan --
Fiscal policy in China / Steven Dunaway and Annalisa Fedelino --
Labor mobility in China and India: the role of hukou, caste, and community / Arvinder Singh --
Indian economic development and India-China cooperation / Nalin Surie --
India-China economic cooperation / Arvind Virmani.

What does the future hold for these giants that are the two fastest-growing emerging markets and among the three largest economies in Asia? Their economic muscle is having increasingly far-reaching effects on the global economy. This book draws together analysis and insight from high-level policymakers and advisors in both countries, and shows how, for many years, the two countries have cooperated and learned from each other. In addition, the book describes what has (and what has not) worked in each country and offers some concrete suggestions about how each may achieve long-term sustainable development.