A Comparative Study on Economic Development Models of China and India

• Main Authors: Long-Yi Hong, 洪隆益
• Other Authors: Mu-Min Chen
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/q8ptgu

碩士 === 國立中興大學 === 國際政治研究所 === 102 === In the late 1970s and the early 1990s, China and India respectively pursued economic reforms and opening up policies. Afterwards, the two countries'' economies demonstrated a trend of rapid growth and were involved in the global economic system uninterruptedly. Because both countries are developing and have large population, and implemented planned economy before opening up, the background and history of their economic reforms have similar aspects, and the effects of such reforms are often placed in the same category. However, the economic development models of both countries have a striking difference. After the global financial crisis in 2008, such differences became more apparent as both countries stuck in a development bottleneck and sought for transformation. This study aims to investigate the characteristics of the economic development models in China and India and explore the similarities and differences between the development models of each country. Through the two variables of "leadership" and "growth pattern" emphasized in political economy, the study formed a comparison matrix framework. The leadership variable was divided into national leadership and market leadership and illustrated as the vertical axis, to identify the role played by the government during a country''s economic development; the growth pattern variable was divided into growth by income and growth by investment and illustrated as the horizontal axis. By comparing the flow of funds in economic activities, we can understand the sectors of the national economy that are more dynamic and developing more rapidly and thereby analyzing the sources that are driving the economic growth. Additionally, the study classified the Chinese model as growth by investment through governmental leadership and the Indian model as growth by income through market leadership to investigate the effects, costs and transformation experience of the Chinese and Indian economic development models. The study also conducted verification based on the corresponding measures adopted by China and India after the global financial crisis in 2008 to understand the adaptive capabilities of the Chinese and Indian models when facing the external environment changes.