Structural Change and Economic Development in China and India

29 Pages Posted: 13 Oct 2009

See all articles by Donatella Saccone

Donatella Saccone

University of Turin - Faculty of Economics

Vittorio Valli

affiliation not provided to SSRN

Date Written: June 2, 2009

Abstract

The comparison of the periods of rapid economic growth in China since 1978 and India since 1992 markedly show different patterns of development and structural change. However, both countries experienced some of the advantages of “relative economic backwardness” and some aspects of the “fordist model of growth”. China had an anticipated and deeper structural change, spurred mainly by economic reforms and the growth of the internal market in the 1980s and since the mid-1990s by a very rapid penetration of its industrial products in the world market. However, a substantial part of its exports in medium and high tech sectors are due to joint- ventures with foreign multinationals. India had a more balanced structural change and a slower insertion in the world market, although some sectors, such as software, steel, automotive and pharmaceuticals are recently increasing their share in the world markets.

Keywords: economic development, structural change, fordist model of growth

JEL Classification: 011, 053, 057

Suggested Citation

Saccone, Donatella and Valli, Vittorio, Structural Change and Economic Development in China and India (June 2, 2009). University of Torino Department of Economics Research Paper No. 7/2009-GE, Available at SSRN: https://ssrn.com/abstract=1486093 or http://dx.doi.org/10.2139/ssrn.1486093

Donatella Saccone (Contact Author)

University of Turin - Faculty of Economics ( email )

Facoltà di Economia
Corso Unione Sovietica 218 bis
Torino, 10134
Italy

Vittorio Valli

affiliation not provided to SSRN ( email )

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
350
Abstract Views
1,237
rank
95,987
PlumX Metrics