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

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