Social policies play a critical role in the transformation of emerging economies. This paper discusses this with reference to China and India, with their very distinctive public policy approaches. Much of the economics literature either does not pay much attention to social policy or regards it...

Independent India's economic development presents the paradox of 'a static economy in progress'. The author spells out a little of the content of the paradox, relates it to the nature of India's poverty and suggests that the link between the stagnation and the progress, the explanation of how...