POL101Y1 Lecture Notes - Lecture 2: Human Development Index, Crony Capitalism, Infant Mortality
21 Apr 2013
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Document Summary
Only at the broad superficial level can these two countries be compared. During colonial era not much diff between the two. Increasing gap between the per capita income of the two china has experienced higher growth in recent decades. The manufacturing that it does have tends to be more capital intensive. Greater policy priority given to human education and health in china compared to india. India spends a lot less on education and health. Role of domestic capital and fdi (foreign direct investment) Differences in human development indicators (china far ahead) China has a greater dependence on external exports. Until the 1990s india one of the most closed economies reg. In the 1990s allowed fdi very gradually. Although india has become increasingly dependent on exports in recent years. Different levels of dynamism of the private sector. Debate on how differing role of domestic entrepreneurship will affect future prospects.
