The European Journal of Comparative Economics

ISSN: 1824-2979

EJCE Year: 2009, June. Volume: 6 - Issue: 1

The integration of China and India into the world economy: a comparison

by Isabelle Bensidoun ; Franšoise Lemoine ; Deniz ▄nal

Start page: 131 - End page: 155

Keywords: China; India; foreign trade; technology

Jel code: F14; F15; O33; O53; O57

Abstract:

China and India have successfully integrated into the world economy. Once specialised in textiles, they have developed new export-oriented sectors linked to the information and communication technology (ICT), taking advantage of the globalisation process which has enlarged access to new technology, capital and markets. China has become a global export platform for electronic goods and India a global centre for ICT services. They have followed different paths of specialisation. China is heavily involved in the international segmentation of production processes in manufacturing, which is not the case of India. China is heavily specialised in mass exports of cheap goods, while India focuses on niches. Both countries are in a process of technological catch-up but in different industries. By the middle of this decade, the pattern of development followed by each of them seemed to have reached its limits and even before the shock of the global crisis in 2008, there was a debate about the changes necessary to make growth sustainable. The crisis has made clear that their long term growth will depend on their ability to build on their large domestic markets.

View this article (PDF)

Publisher perpetually authorizes participants in the LOCKSS system to archive and restore EJCE articles through the LOCKSS System for the benefit of all LOCKSS System participants. EJCE is registered as OAI-PMH data provider. OAI - Records check.
In case of problems please write an e-mail to secretariat.ejce@liuc.it