India's and China's Recent Experience with Reform and Growth

WANDA TSENG is Deputy Director in the Asia and Pacific Department of the International Monetary Fund (IMF). She has wide experience in Asia, having worked on the region for over twenty years, and has published papers on macroeconomic policy issues and financial liberalization in Asian countries, economic reforms in China, and trade policy in industrial countries. DAVID COWEN is Senior Economist in the Regional Office for Asia and the Pacific of the IMF. He has also worked in the Asia and Pacific Department of the IMF, most recently on the India desk. He has extensive experience on macro

• India and China: An Essay in Comparative Political Economy; M.Desai India's Growth Experience; K.Singh & S.Bery China's Economic Growth and Poverty Reduction (1978-2002); H.Angang, H.Linlin & C.Zhixiao Reform Strategies in the Indian Financial Sector; S.Bhattacharya & U.R.Patel Financial System Reform and Economic Development; C.Yuan Bank Financing in India; A.Banerjee, S.Cole & E.Duflo Trade Liberalization and Its Role in Chinese Economic Growth; N.R.Lardy India in the 1980s and 1990s: A Truimph of Reforms; A.Panagariya Effects of Financial Globalization on Developing Countries: Some Empirical Evidence; E.Prasad, K.Rogoff, S-J.Wei & M.A.Kose Understanding India's Services Revolution; J.Gordon & P.Gupta Capital Account Controls and Liberalization: Lessons for India and China; J.Anderson Capital Account Liberalization: The Indian Experience; N.Jadhav