China's Lessons for India: Volume II The Political Economy of Change
This book and its companion volume offer a better understanding of the lessons that Indian policymakers can learn from China’s economic experience over the last 40 years. The aim of the two books together is to evaluate China’s incremental reforms an
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The Political Economy of Change
Sangaralingam Ramesh
China’s Lessons for India: Volume II
Sangaralingam Ramesh
China’s Lessons for India: Volume II The Political Economy of Change
Sangaralingam Ramesh University of Oxford Oxford, UK
ISBN 978-3-319-58114-9 ISBN 978-3-319-58115-6 (eBook) DOI 10.1007/978-3-319-58115-6 Library of Congress Control Number: 2017940624 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Massonstock/iStock/Getty Images Plus Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
For my father and my mother, Nallathamby Sangaralingam and Pathmarani Sangaralingam, Inuvil and Karinagar, Ceylon.
Preface
Volume 1 focused on the analysis of the political economy of development of China and India. In this regard, it was found that the Indian economy is characterised by institutional rigidity and a lack of entrepreneurship at the microeconomic level. However, in the case of the Chinese economy, it was found that it is characterised by institutional flexibility and a high level of entrepreneurial activity. Volume 2 of ‘China’s Lessons for India’ focuses on the political economy of a change as it evaluates the nature of entrepreneurship in China and India as well as on the nature of innovation systems between the two countries. Another aspect of this study will be to establish how entrepreneurship and innovation have been responsible for economic change in India and China. Furthermore, in order to analyse the impact of the economic reforms on China’s economy, a comparative case study, using propositions set out in Volume 1 is conducted in order to determine the impact of the
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