Publisher's Synopsis
What does the future hold for these giants that are the two fastest-growing emerging markets and among the three largest economies in Asia? Their economic muscle is having increasingly far-reaching effects on the global economy.This must-read new book draws together analysis and insight from high-level policymakers and advisors in both countries, and shows how, for many years, the two countries have cooperated and learned from each other. In addition, the book describes what has (and what has not) worked in each country and offers some concrete suggestions about how each may achieve long-term sustainable development.It features: Reserve Bank of India Deputy Governor Rakesh Mohan who discusses how the forces of globalization can complicate the challenges facing monetary policymakers; and People's Bank of China Governor Zhou Xiaochuan who contrasts the growth of the services sector, including financial services, in China and India and discusses the importance (and difficulties) of developing this sector in China.
