In a very well-argued article, Professor Pranab Bardhan from the University of California at Berkeley explains as well as debunks some myths regarding the economic rise of China and India.
Linked by sudipta. Join Blogbharti facebook group.While India’s performance has been substantial, China’s has been truly dramatic. The particularly dramatic Chinese performance (like the earlier economic “miracles” in South Korea, Taiwan, and Singapore) suggests, in the dominant narrative, that authoritarianism may be better than democracy for development—at least in its early stages.
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