3 of 3 people found the following review helpful
Eyes to the East,
This review is from: The Dragon and the Elephant: China, India and the New World Order (Paperback)
In this book, Smith provides a highly informative perspective on one of the more topical issues affecting the world economy today - the rise of China and India.
Smith takes us on an economic tour of the two Eastern giants, starting with their history, the reasons behind their rapid development, their implications for the world economy, and their prospects for the future. Along the way, Smith covers all the bases of a well-rounded economics book - growth theory, development economics, international trade and macroeconomics - and does so in the free flowing style of a seasoned journalist.
The book builds on each successive chapter making it something of a page turner - a rare thing in the economics literature. And, by tackling both China and India together, it provides an informative comparison of the two giants - a feature often lacking from more specialist books.
Writing from the position of an external observer, Smith freely admits he cannot offer the experience of a local writer who has witnessed the rise of the East first hand. But what Smith lacks in local knowledge, he makes up for with a clear, concise writing style, expert economic knowledge, and thoroughly researched analysis.
Given the more complex subject matter, this book isn't as readily digestible as Smith's last book - "A Free Lunch". But, by avoiding the use of technical jargon, this book remains accessible to anyone with an interest in the topic and is ideal for economics students. Due to the strength of its analysis and the sheer number of facts that are crammed in to its 238 pages, this book is also a highly informative read for experienced economists.
I can see myself periodically dipping into this book, to glean some of Smith's facts, revisit his anecdotes and to use the book as a reference point to further my knowledge in this area. There is no doubt this book has taught me a lot about how the world is changing and how the rise of the East is likely to shape our future.
I would highly recommend this book.