English, Article edition: The integration of China and India into the world economy: a comparison Isabelle Bensidoun; Françoise Lemoine; Deniz Ünal

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Bookmark: http://trove.nla.gov.au/version/8373
Physical Description
  • article
Language
  • English

Edition details

Title
  • The integration of China and India into the world economy: a comparison
Author
  • Isabelle Bensidoun
  • Françoise Lemoine
  • Deniz Ünal
Physical Description
  • article
Notes
  • 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.
  • China, India, foreign trade, technology
  • RePEc:liu:liucej:v:6:y:2009:i:1:p:131-155
Language
  • English
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