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The China Price - by Syam Krishna * Page - 13
How will the China Price affect the Indian Companies? The Dragon and the Elephant: A Comparative Study of China and India China and India are two neighboring countries in Asia who share the two largest population of the world, and in fact added together, they represent nearly one third of humanity. China (the dragon) and India (the elephant) have taken different development paths for the past two and a half decades. Although both countries began the reform process in the late 1970s, they implemented different processes and experienced different outcomes. China and India are easily comparable. Both countries cover a large landmass, both have more than a billion people, and both are engaged in the reform process and moving toward a market-oriented economy. Yet, both show significant differences as well. For example, China has had a centrally planned economy, while India has had a much stronger private sector. * Contributed by - |
