Relevance of China’s Reform Experience to India

• 발행기관: 한국유통과학회
• 저자명: Ishfaq Ahmad MAlIK Ajaz Ahmad RATHER Tibebu Alemu TEKLE
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 7 No.12, 1123~1132쪽, 전체 10쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.12.30

영문 초록

The aim of this paper is to understand the nature of transformation of the Chinese economy. China’s approach to the process of economic development in the aftermath of the reforms in the late 1970’s has been a success story and a phenomenon of great significance. It helped millions of people move out of poverty and achieve an acceptable standard of life. The economic policy of China was more effective than India’s; we measured this effectiveness in terms of two fundamental approach: first, growth was fundamental for ensuring and increasing the wellbeing as it increases total output in China compare to India; second, growth was pro-poor in China, but not in India, during the period 2000-2011. In this paper, we seek to explain how China reduced extreme poverty through reforms, and this reform experience of China stands out for three reasons. The first is renewed thrust on the rural economy and private sector, second is decentralized planning, and third is investment in human resource development. This experience of China’s reform success offers a significant lesson for most of the developing countries, especially India, since India has more similarities with China. Therefore, this experience is particularly insightful for India.

목차

1. Introduction

2. Relevance of Comparison between China and India

3. Comparative Policy Effectiveness

4. Lesson of China’s reforms for India

References

키워드

Pro-Poor Growth Growth Accounting Economic Reforms China India