Superpower?: The Amazing Race Between China's Hare and India's Tortoise - Couverture rigide

Bahl, Raghav

Couverture rigide

ISBN 10 : 1591843960 ISBN 13 : 9781591843962

Editeur : Penguin, 2010

Synopsis

In his career as one of India's leading journalists and entrepreneurs, Raghav Bahl has often faced this question, and many others, from bewildered visitors:
* Why are Indian regulations so weak and confusing?
* Why is your foreign investment policy so restrictive?
* How come your hotels are world class, but the roads leading to them are so potholed?
* Why don't you lower your voice when you make fun of your politicians?
* Why do you control the price of oil and cable TV?

Clearly there's a huge difference in how India and its arch-rival China work on the ground. China is spectacularly effective in building infrastructure and is now reinvesting almost half its GDP. Meanwhile, India is still a "promising" economy: more than half its GDP is consumed by its billion-plus people, yet India has some unique advantages: Half its population is under twenty-five, giving it a strong demographic edge; 350 million Indians understand English, making it the largest English-speaking country in the world; and it's the world's largest democracy.

In the race to superpower status, who is more likely to win: China's hare or India's tortoise? Bahl argues that the winner might not be determined by who is investing more and growing faster today but by something more intangible: who has superior innovative skills and more entrepreneurial savvy.

He notes that China and India were both quick to recover from the financial crisis, but China's rebound was accompanied by huge debt and deflation, with weak demand. India's turnaround was sturdier, with lower debt and modest inflation. So India's GDP grew twice as fast as China's for a few quarters-the first time that had happened in nearly three decades. And in contrast to China's Yuan, which is pummeled for being artificially undervalued, India's rupee largely floats against world currencies. In the end, it might come down to one deciding factor: can India fix its governance before China repairs its politics?

With insights into the two countries' histories, politics, economies and cultures, this is a well-written, fully documented, comprehensive account of the race to become the next global superpower. For anyone looking to understand China, India and the future of the world economy, this is the book to read.

A propos du livre

Présentation de l'éditeur

In his career as a journalist and one of India s top entrepreneurs, Raghav Bahl has often faced a barrage of questions from visiting businesspeople bewildered by India: Why are Indian regulations so weak and confusing? Why is your foreign investment policy so restrictive? How is it that you speak such good English? Inevitably, the questions are followed by the observation: But, you know, that s not the way it is in China. Indeed, even as the two economies are together projected to dominatethe world, there is a palpable difference in the way China and India work on the ground. China is spectacularly effective in building infrastructureand is currently investing almost half its GDP. Meanwhile, India is a promising economy: more than half its GDP is consumed by its billion-plus population; half its population is younger than twenty-five, giving it a unique demographic advantage; 350 million Indians understand English, making it the largest English-using country in the world. In the race to superpower status, who is likely to breast the tape China share or India s tortoise? For anyone looking to understand China and India and the ways in whichthese two nations are about to change the history of the world, this is the book to read.

Biographie de l'auteur

Raghav Bahl is founder and editor of Network18 as well as publisher of Forbes India. He has been instrumental in crafting successful joint ventures with key media giants and won the prestigious Sanskriti Award for journalism in 1994. Behl was hailed as a Global Leader of Tomorrow by the World Economic Forum and selected by Ernst & Young as Entrepreneur of the Yearfor Business Transformation in 2007. This is his first book.

Détails de l'édition

• Éditeur: Penguin
• Date d'édition: 2010
• Langue: anglais
• ISBN 10: 1591843960
• ISBN 13: 9781591843962
• Reliure: Relié
• Nombre de pages: 272
• Coordonnées du fabricant: non disponible
• Personne responsable: Terminal Video; n.pederzini@terminaldistribuzione.com; ; Via Bruno Buozzi, 24/26,; Granarolo dell'Emilia BO,; Italie