China is now the world's fourth largest economy and growing very fast. India's economic salience is also on the rise. Together, these two countries will profoundly influence the pace and nature of global economic change. Drawing upon the latest research, this timely new book analyzes the influences on the rapid future development of these two countries and examines how their growth is likely to impinge upon other countries. It considers international trade, industrialization, foreign investment, and capital flows, and the implications of their broadening environmental footprints. It also discusses how the two countries have tackled poverty, inequality and governance issues and whether progress in these areas will be a key to rapid and stable growth.
