China and India in the World Economy

China and India, with their enormous populations and surging economies, are already assuming the status of economic superpowers. By present trends, they may well come to dominate the World economy over the course of this century. But will these trends persist? What might derail rapid development in each case? And supposing rapid growth continues, what are the implications for the United States, Europe, and Japan? Will China and India grow more prosperous at the expense of living standards in today's rich countries? Which jobs are most at risk of competition from these emerging new giants? How will this growing economic power be reflected in the governance of global economic institutions, and with what results? Lyric M. Hughes Hale, Minxin Pei and Raghuram G. Rajan discuss with Eric Spiegel.

Festival: 2006

More on this Session

Watch and Listen: World

In the nearly 18 months of his presidency, Donald Trump has made an array of foreign policy changes. It began with... See more
Join Dan Porterfield and Kitty Boone in kicking off the 2018 Aspen Ideas Festival. Featuring conversations with Jeffrey... See more
Globalization ushered in an era of free trade, fluid borders, and unparalleled corporate profits. For its proponents,... See more
While the allegations of Russia’s 2016 election meddling have dominated US headlines, Vladimir Putin’s government is... See more
Donald Trump’s America First philosophy and his retreat from international alliances led pundits to dub Germany’s... See more
The last year has seen a clear trend toward a more authoritarian China at home and a more aggressive China overseas. As... See more

Pages