The People's Republic of China and India: Commercial Policies in the Giants
Both the People's Republic of China and India face an uncertain world economic environment in the aftermath of the global financial crisis and future export success will depend on their evolving commercial policies.
This paper compares the experience of commercial policies in the People's Republic of China (PRC) and India over the last 40 years. Using recent data, it highlights the rise of the PRC and India on world markets and the roles of initial conditions and commercial policies. It also explores new challenges in the post-global financial crisis era and suggests that future world market success will depend on the nature of the giants' responses.
- Initial Conditions and Trade Performance
- Shifting Commercial Policies and Exports
- Pursuit of Free Trade Agreement-Led Regionalism
- Emerging Challenges since the Global Financial Crisis