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Economic Development in India and China: New Perspectives on Progress and Change

Kishore G Kulkarni (Editor) Penelope B. Prime (Editor)

This volume on India and China presents thirteen research contributions that focus on a particular aspect of development in either India or China, or explicitly incorporate a comparative perspective.  Taken together, these new studies paint a shifting view of the China-India comparison.  Just a few years ago one would be hard pressed to find studies arguing the promising future of India over China.  Even today this is not a common perspective.  These studies go beyond statistics, however, to understand the institutions and government-business interactions behind the dynamics of change.  As a result, they reveal many problems in both economies, but also come to more nuanced conclusions about how to gauge progress. While some authors do not address which economy is ahead, overall progress in India is clearly presented, and in some aspects, such as profitability of companies and the strength of the financial sector, the authors explicitly say that India is doing better than China.  None of the chapters concludes that China has an unassailable lead.

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About the authors

Kishore G Kulkarni

Kishore G. Kulkarni grew up in Pune, India. He secured the first rank in B.A. (Economics) Examination (1974) and Second Rank in M.A. (Economics) Examination (1976) of the University of Poona (Pune). After receiving teaching assistantship to study at the University of Pittsburgh, he completed M.A. (Economics,1978) and Ph.D. (Economics, 1982) degrees. He has been teaching Principles and Intermediate Macro-Micro, International Economics and Monetary Economics Courses since 1980. Over last three decades prof. Kulkarni has worked with University of Central Arkansas, University of Louisinana-Monroe, University of Colorado-Boulder, Colorado School of Mines, Graduate School of International Studies at the University of never and Metropolitian State College of Denver. In all these institutions, students rated him as one of the outstanding professors and praised his teaching style in many different ways. He received the "Outstanding Teaching Award" by Golden Key International Honor Society in 2001. He has tought in Semester at Sea Program of University of Pittsburgh in Spring 1994, and has made several visits to India on research and teaching missions. His unsaturated love, unlimited energy and enthusiasm for teaching make his classes exciting, entertaining and rewarding experience. Prof. Kulkarni's prolific research record has produced over 75 journal articles and 7 books. His first book, "Principles of Macro Monetary Theory" (4th Edition) Kendall/Hunt Publishing Company, (2003) has been used as a textbook in USA since 1986. He has co-authored (with E. Dolan and D.Lindsey) two famous textbooks of Principles classes, "Understanding Microeconomics" and "Understanding Macroeconomics", both with Horizon Textbook Publishing Reading CA (2005), That are used at numerous US universities. His "Modern Monetary Theory", Macmillan Indian Limited, New Delhi (First Edition, 1999, Second Edition 2006) is a popular adoption in Indian Universities. A similar book of his selected writings is to be published by ICFAI Books Series, ICFAI Business Schools, Hyderabad in 2006. He has also co-authored (with Prof. Santosh Choudhury) a small research book on' "Role of LIC in Economic Development in India", (1992, Himalaya Publishing Company, Mumbai). His simple and understandable writing methods have earned him "Outstanding Researcher/Scholar Award" of Golden Key International Honor Society in 1997 and "Outstanding Contributions to Professional Development Area Award" of the School of business of Metropolitan State College of Denver from 1996 to 2004. Prof. Kulkarni is the founding Editor (with Bansi Sawhney) of Indian Journal of Economics and Business that is managed by Serials Publications and is a double blind refereed, international Journals in economics and business.

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Penelope B. Prime

Penelope B. Prime is professor of Economics in the School of Economics & Business at Mercer University in Atlanta teaching international economics and business in the MBA and Executive programs.  Dr. Prime's research deals with international and development economics, with a focus on China's economy and business environment, including topics such as China's foreign trade and investment, industrial and technological progress, and provincial development, as well as applied business and economics cases on China and Asia.  Her articles have been published in Applied Economics, Economic Development and Cultural Change, Pacific Economic Review, Osaka Economic Papers, and Business Economics, among others, as well as in journals in China.  She serves on the editorial boards of China Economic Review and the Indian Journal of Economics and Business.  Dr. Prime is also Director of the China Research Center.

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Bibliographic information

Title Economic Development in India and China: New Perspectives on Progress and Change
Format Hardcover
Date published: 30.08.2007
Edition 1st ed.
Language: English
isbn 9788183871143
length xii+355p., Tables; Figures; Notes; References; Index; 23cm.