China and India
– two fast-growing giants – are increasingly affecting global markets and
the global commons. Indeed, the two countries account for 37.5 percent of
world population and 6.4 percent of the value of world output and income at
current prices and exchange rates.
This book,
edited by L. Alan Winters and Shahid Yusuf, contains six essays and an
introduction that explore whether the Giants’ continued rapid growth through
2020 is feasible, whether there are any hints about the form it will take,
and how any such expansion will impinge on other countries.
The
contributors analyze the Giants’ impact on global markets, systems, and
commons rather than via their bilateral links with other countries.
Three chapters
focus on the Giants’ interactions with other countries via the evolution of
their industrial capability, their international trade, and the
international financial system. Others consider possible constraints and
influences on their growth, while the final chapter looks at energy and
emissions.
Contributors
include: Shubham Chaudhuri, Betina Dimaranan, Elena Ianchovichina, Philip
Keefer, Philip R. Lane, Will Martin, Kaoru Nabeshima, Dwight Perkins, Martin
Ravallion, Sergio L. Schmukler, Zmarak Shalizi, L. Alan Winters, and Shahid
Yusuf.
Dancing with
Giants is produced by the World Bank's Development Research Group with
support from its East Asia and Pacific and South Asia Regions, and the
Institute of Policy Studies (IPS), Singapore.
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L. Alan Winters and
Shahid Yusuf
, eds. 2007.
Dancing with Giants: China, India and the Global Economy. The World
Bank and Institute of Policy Studies (Singapore).
(272
pages, ISBN 0-8213-6749-8,
ISBN-13: 978-0-8213-6749-0)
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