The essays in this volume are written by leading economists working on the Indian economy. They collectively emphasize the importance of policies and institutions for sustained growth and poverty reduction, stressing that the success of sector-specific policies is vitally dependent on the nature...

Cover; Contents; Contributors; 1 Introduction; Historical Precedents; The Macroeconomy; Institutional Reforms: Agriculture and Education; The Rural and Agricultural Sectors; Education; Employment, Industrial Structure and Poverty; Infrastructural Reforms; What Is Infrastructure?; Infrastructure...

Gradual change has been a hallmark of the Chinese reform experience, and China's success in its sequential approach makes it unique among the former command economies. Since 1979, with the inception of the continuing era of reform, the Chinese economy has flourished. Growth has averaged nine...