Economic Reform In Three Giants: U.S. Foreign Policy And The U.S.S.R., China, And India
"Size matters" but the other similarities of China, India and the Soviet Union are less clear-cut. A chapter on science and technology is the best addition this book makes to its exposition of the now rather familiar case for the interest the United States and other Western countries have in seeing successful reform of these economic systems.
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Economic activity between Africa and Asia, especially China and India, is booming like never before. If the problems and imbalances this sometimes creates are managed well, this expanding engagement could be an unprecedented opportunity for Africa's growth and for its integration into the global economy.
The Clinton administration's new coziness with China has left India feeling insecure, Taiwan betrayed, and Japan ignored.
The West accounts for a disproportionate share of world income because it has already passed through capitalist development. Now that Asia is becoming capitalist, it will return to the center of the world economy, where it was in the early nineteenth century. Current currency crises are only blips on the screen. Asia's miracle transpired not because of shrewd industrial policy or great leaps forward but because countries attracted foreign investment and moved up the development ladder one rung at a time. But ahead lies the challenge, particularly for India and China, of establishing modern governments.

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