China, India, and the Future of the World Economy : Fierce Competition or Shared Growth?

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dc.creatorDimaranan, Betina
dc.creatorIanchovichina, Elena
dc.creatorMartin, Will
dc.date2012-06-06T18:34:19Z
dc.date2012-06-06T18:34:19Z
dc.date2007-08
dc.date.accessioned2026-07-01T01:22:49Z
dc.descriptionAlthough both China and India are labor-abundant and dependant on manufactures, their export mixes are very different. Only one product-refined petroleum-appears in the top 25 products for both countries, and services exports are roughly twice as important for India as for China, which is much better integrated into global production networks. Even assuming India also begins to integrate into global production chains and expands exports of manufactures, there seems to be opportunity for rapid growth in both countries. Accelerated growth through efficiency improvements in China and India, especially in their high-tech industries, will intensify competition in global markets leading to contraction of the manufacturing sectors in many countries. Improvement in the range and quality of exports from China and India has the potential to create substantial welfare benefits for the world, and for China and India, and to act as a powerful offset to the terms-of-trade losses otherwise associated with rapid export growth. However, without efforts to keep up with China and India, some countries may see further erosion of their export shares and high-tech manufacturing sectors.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2007/08/8186905/china-india-future-world-economy-fierce-competition-or-shared-growth
dc.identifierhttps://hdl.handle.net/10986/7297
dc.identifierhttps://doi.org/10.1596/1813-9450-4304
dc.identifier.urihttp://hdl.handle.net/123456789/417559
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 4304
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectABSOLUTE VALUE
dc.subjectACCESSION COMMITMENTS
dc.subjectACCUMULATION OF CAPITAL
dc.subjectADJUSTMENT COSTS
dc.subjectAGRICULTURE
dc.subjectANNUAL GROWTH
dc.subjectAPPAREL
dc.subjectAPPAREL INDUSTRIES
dc.subjectAPPAREL INDUSTRY
dc.subjectAPPAREL QUOTAS
dc.subjectBANK OFFICE
dc.subjectBILATERAL TRADE
dc.subjectCAPITAL ACCUMULATION
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMER DEMAND
dc.subjectCOUNTRY FORECASTS
dc.subjectDEBT
dc.subjectDEMAND ELASTICITIES
dc.subjectDEMAND FOR GOODS
dc.subjectDEVALUATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIRECT INVESTMENT
dc.subjectDIVIDENDS
dc.subjectDOMESTIC GOODS
dc.subjectDOMESTIC MARKET
dc.subjectDUTY DRAWBACK
dc.subjectDUTY DRAWBACKS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GEOGRAPHY
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC POWERS
dc.subjectECONOMIC RESEARCH
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectELECTRONICS INDUSTRY
dc.subjectEXCHANGE RATE
dc.subjectEXPANSION OF EXPORTS
dc.subjectEXPORT BASKETS
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKET
dc.subjectEXPORT PRICES
dc.subjectEXPORT PROCESSING
dc.subjectEXPORT SECTORS
dc.subjectEXPORT SHARE
dc.subjectEXPORT SHARES
dc.subjectEXPORT VOLUME
dc.subjectEXPORT VOLUMES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectFACTOR ENDOWMENTS
dc.subjectFINAL GOODS
dc.subjectFORECASTS
dc.subjectFOREIGN TRADE
dc.subjectFREE ACCESS
dc.subjectGDP
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGLOBAL COMPETITION
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL INTEGRATION
dc.subjectGLOBAL INVESTMENT
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL TRADE
dc.subjectGLOBAL TRADE ANALYSIS
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectIDIOSYNCRATIC FACTORS
dc.subjectIMBALANCES
dc.subjectIMPERFECT SUBSTITUTES
dc.subjectIMPORT
dc.subjectIMPORT DATA
dc.subjectIMPORT DEMAND
dc.subjectIMPORT SUBSTITUTION
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINDUSTRY TRADE
dc.subjectINTERMEDIATE IMPORTS
dc.subjectINTERMEDIATE INPUTS
dc.subjectINTERNATIONAL PRODUCTION
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRANSPORT
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET POLICIES
dc.subjectLABOR-ABUNDANT COUNTRIES
dc.subjectLATIN AMERICAN
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMANUFACTURING INDUSTRY
dc.subjectMARKET ENTRY
dc.subjectMIDDLE EAST
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectNATURAL RESOURCE
dc.subjectNEW MARKETS
dc.subjectNEW PRODUCTS
dc.subjectNORTH AFRICA
dc.subjectOUTPUT
dc.subjectOUTPUT DECLINES
dc.subjectOUTPUTS
dc.subjectPACIFIC REGION
dc.subjectPARTIAL EQUILIBRIUM ANALYSES
dc.subjectPARTICULAR COUNTRIES
dc.subjectPOSITIVE SPILLOVER
dc.subjectPOSITIVE SPILLOVER EFFECTS
dc.subjectPRICE DECLINES
dc.subjectPRICE OF EXPORTS
dc.subjectPRICE OF IMPORTS
dc.subjectPRODUCT DIFFERENTIATION
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectRAPID ECONOMIC GROWTH
dc.subjectRAPID EXPANSION
dc.subjectRAPID EXPORT GROWTH
dc.subjectRAPID GROWTH
dc.subjectRAPID LIBERALIZATION
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE AGREEMENTS
dc.subjectSAVINGS
dc.subjectSHARE OF CAPITAL
dc.subjectSKILLED WORKERS
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUB-SAHARAN AFRICA
dc.subjectTARIFF DATA
dc.subjectTARIFF REDUCTION
dc.subjectTAX
dc.subjectTAX CONCESSIONS
dc.subjectTERMS OF TRADE
dc.subjectTERMS-OF-TRADE EFFECT
dc.subjectTOTAL EXPORTS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL IMPORTS
dc.subjectTOURISM
dc.subjectTRADE DATA
dc.subjectTRADE DISTORTIONS
dc.subjectTRADE EFFECTS
dc.subjectTRADE FACILITATION
dc.subjectTRADE FLOWS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE LOSS
dc.subjectTRADE LOSSES
dc.subjectTRADE MODELS
dc.subjectTRADE PATTERNS
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE POLICY ANALYSIS
dc.subjectTRADE POLICY REVIEW
dc.subjectTRADE REFORM
dc.subjectTRADE REGIMES
dc.subjectTRADE VOLUME
dc.subjectTRADING PARTNER
dc.subjectTRADING PARTNERS
dc.subjectTRANSPORT COSTS
dc.subjectUNCERTAINTY
dc.subjectUNSKILLED LABOR
dc.subjectURUGUAY ROUND
dc.subjectVALUE ADDED
dc.subjectVOLUME OF TRADE
dc.subjectWELFARE LOSS
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleChina, India, and the Future of the World Economy : Fierce Competition or Shared Growth?

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