A great burst of globalization brought the 20th century to a close, creating upheaval in the world economy from roughly 1995 to 2008. And now a second upheaveal is in the offing following the severe financial crisis that plunged the global economy into recession in 2008-09. The first upheaval...

China is now the world's fourth largest economy and growing very fast. India's economic salience is also on the rise. Together these two countries will profoundly influence the pace and nature of global economic change. Drawing upon the latest research, this volume analyzes the influences on the...

This report takes a dispassionate and critical look at the rise of China and India, and asks questions about this growth: Where is it occurring? Who is benefiting most? Is it sustainable? And what are the implications for the rest of the world? The book considers whether the giants' growth will...

The focus of this volume is on China and India. The authors see them as the principal beneficiaries of the first upheaval, roughly bookended by the crises of 1997-98 and of 2008-09, and as being among the prime movers whose economic footprints will expand most rapidly in the coming decades. If...