China, India and Industrial Policy for Inclusive Growth

Industrial Policy and Growth

Introduction The paper will review the impact of industrial policy on growth in developing countries from the 1960s until the present. This is a propitious time to conduct such an assessment. Within policy-making and academic circles, extremely critical views of state intervention in general, and industrial policy in particular, are no longer as dominant, and have given way to more nuanced appr...

Globalisation, Industrial Revolutions in India and China and Labour Markets in Advanced Countries: Implications for National and International Economic Policy

Economic growth and rural transformation in Eastern India: Strategies for Inclusive Growth

There is an emerging consensus that the well-being of rural households improve with the blending of farm activities with non-farm economic activities. The diversification of rural livelihood positively impacts the well-being of the rural households. Eastern states however remained laggard in rural transformation due to myriad of endogenous as well as exogenous factors. With uneven distribution ...

Growth Prospects in China and India Compared

This paper compares the growth prospects of China and India through a growth accounting analysis. Consistent time series for capital stock and employment are constructed using available survey data, and recent revisions to the national accounts for both countries are incorporated. The results allow for a discussion of the sources of growth in both countries, and a consideration of each country’...

Environmental Policy and Rural Industrial Development in China

China’s environmental policy emphasizes the use of economic instruments. By levying a fee for discharges, the government hopes to internalize environmental costs associated with production and consumption. This policy has been working relatively well in the urban areas, but faces a grave challenge in the rural areas where there has been a development of rural industries on a massive scale since...