China and India – two fast-growing giants – are increasingly affecting global markets and the global commons. Indeed, the two countries account for 37.5 percent of world population and 6.4 percent of the value of world output and income at current prices and exchange rates.
This book, edited by L. Alan Winters and Shahid Yusuf, contains six essays and an introduction that explore whether the Giants’ continued rapid growth through 2020 is feasible, whether there are any hints about the form it will take, and how any such expansion will impinge on other countries.
The contributors analyze the Giants’ impact on global markets, systems, and commons rather than via their bilateral links with other countries.
Three chapters focus on the Giants’ interactions with other countries via the evolution of their industrial capability, their international trade, and the international financial system. Others consider possible constraints and influences on their growth, while the final chapter looks at energy and emissions.
Contributors include: Shubham Chaudhuri, Betina Dimaranan, Elena Ianchovichina, Philip Keefer, Philip R. Lane, Will Martin, Kaoru Nabeshima, Dwight Perkins, Martin Ravallion, Sergio L. Schmukler, Zmarak Shalizi, L. Alan Winters, and Shahid Yusuf.
Dancing with Giants is produced by the World Bank's Development Research Group with support from its East Asia and Pacific and South Asia Regions, and the Institute of Policy Studies (IPS), Singapore.
Acronyms and Abbreviations
Chapter 1: Introduction: Dancing with Giants
L. Alan Winters and Shahid Yusuf
Chapter 2: China and India Reshape Global Industrial Geography
Shahid Yusuf, Kaoru Nabeshima, and Dwight H. Perkins
Chapter 3: Competing with Giants: Who Wins, Who Loses?
Betina Dimaranan, Elena Ianchovichina, and Will Martin
Chapter 4: International Financial Integration of China and India
Philip R. Lane and Sergio L. Schmukler
Chapter 5: Energy Emission: Local and Global Effects of the Giants' Rise
Chapter 6: Partially Awakened Giants: Uneven Growth in China and India
Shubham Chaudhuri and Martin Ravallion
Chapter 7: Governance and Economic Growth
L. Alan Winters and Shahid Yusuf , eds. 2007. Dancing with Giants: China, India and the Global Economy. The World Bank and Institute of Policy Studies (Singapore).
(272 pages, ISBN 0-8213-6749-8, ISBN-13: 978-0-8213-6749-0)