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Product Description
Review
"'There is no better book among the recent plethora published on China and India...Unfailingly objective, he doesn't pretend there are no dangers ahead.' Sunday Times 'This book combines readability with sharp analysis, making you want to turn every page to find out more. It stimulates and nourishes the mind whilst adding to the wake-up call that the dragon and the elephant present to the developed world.' Sir Digby Jones 'Crystal ball gazing at its lucid best.' Sunday Express"
Book Description
By 2050 the world's three biggest economies will be China, India and the United States. The Economics Editor of the Sunday Times examines the implications - especially those for Britain, Europe and the USA.
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First Sentence
The genesis of this book came, not in Beijing or Shanghai, or Delhi or Mumbai, or even from gazing into an economic crystal ball. Read the first page Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
The genesis of this book came, not in Beijing or Shanghai, or Delhi or Mumbai, or even from gazing into an economic crystal ball. Read the first page Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
14 of 14 people found the following review helpful
Format:Paperback
I found this book fascinating and frustrating in equal measure. Smith provides a terrific overview of the economic histories of both China and India but in seeking to maintain a chapter based comparative structure, I felt that he missed the opportunity to provide an even more compelling economic narrative. In reading it, I frequently found myself flicking between chapters on India and China in order to clarify the comparisons he makes and whilst the retrospective overview is excellent, the forward analysis is a little anaemic. That said he has an engaging 'FT-esque' style and intemixes macroeconomic theory and individual anecdotes with aplomb. In summary, a very good review of economic history that left me feeling that there was an even better book in there somewhere
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
1 review
Interesting Information -
18 July 2010
Format:Kindle Edition
"The Dragon and the Elephant" traces the economic history of China and India, especially since the beginning of their reforms - early 1900s for India, 1979 for China. Obviously China has moved faster up to this point. Its per capita net incomes of rural households tripled between 1978and 1985, and produced a glut of grain that led to price-supports. Grain production rose one-third in 6 years.
An estimated quarter of FDI is 'round-tripping' - dollars that began from China, went to Hong-Kong, then returned as 'foreign investment' (FDI) to take advantage of looser regulations for that category.
By 2005 China's real GDP/capita was over 6X that of its 1978 level.
An estimated quarter of FDI is 'round-tripping' - dollars that began from China, went to Hong-Kong, then returned as 'foreign investment' (FDI) to take advantage of looser regulations for that category.
By 2005 China's real GDP/capita was over 6X that of its 1978 level.
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