This book provides new perspectives on recent Asian dynamism which go beyond the mainstream views, by attempting to situate the recent economic expansion within a broader analysis of capitalist accumulation and the various processes that it generates both within and across economies.
The contributions in the book include analyses of recent growth patterns in both China and India; assessments of the sustainability of such growth and potential constraints and pitfalls; the role of international finance in affecting both national and international growth and employment patterns; the factors determining particular accumulation strategies and the results of these strategies. These forces within the two economies of China and India are situated within a broader assessment of the impacts on the world economy, by identifying long run tendencies in international capitalism and changing patterns of uneven development. Specific issues emerging within the Asian region are identified, including not just the relations between the three large Asian economies, but also the wider geopolitical implications as well as the political economy of these changes.
This book therefore provides a more comprehensive examination of the longer run dynamics of the global capitalist system in which these economies are necessarily destined to play more significant roles in future.
Introduction, Nobuharu Yokokawa, Jayati Ghosh, Robert Rowthorn Part 1: The Renaissance of China and India 1. Asia's The Impact of China and India on the Advanced Economies, Robert Rowthorn 2. The Renaissance of Asia and the Emerging World System, Nobuharu Yokokawa 3. Knowledge and the Asian Challenge, C.P. Chandrasekhar 4. Japanese Corporations in China's Developing Economy, Hiroshi Itagaki Part 2: Chinese Perspective 5. China and World Development, Dic Lo 6. The Rise of Mass Capitalism in China, Tomoo Marukawa 7. Theoretical Possibilities of Socialist Market Economy and the Chinese Road, Makoto Itoh Part 3: Indian Perspective 8. Growth and Emergent COnstraints in the Indian Economy in the Context of Global Uncertainty, Jayati Ghosh 9. The Idiosyncratic Nature of India’s Economic Development: Can It Be a New Model of Economic Development?, Hideki Esho