N.S. Siddharthan is Hon. Professor, Madras School of Economics and Hon. Director, Forum for Global Knowledge Sharing.K. Narayanan is Professor of Economics, Department of Humanities and Social Sciences, Indian Institute of Technology, Bombay.

• 1. Introduction by N.S. Siddharthan and K. Narayanan Part I: STUDIES ON INDIA AND CHINA 2. The Global Trading Regime and Sustainable Development of China and India by U.Sankar 3. Growth and Productivity in Manufacturing Sector: A Comparative View of India and China by Pushpa Trivedi 4. Factors Influencing the Performance of Indian and Chinese Software Firms by N.S. Siddharthan & Stanley Nollen 5. The Role of Foreign Direct Investment in the Internationalization of Innovation: China and India Compared by Filip De Beule 6. Flow of Foreign Capital to and from India and China: A Tale of Two Economies by Arindam Banik Part II: OUTWARD FOREIGN DIRECT INVESTMENTS BY INDIAN ENTERPRISES 7. Entry Choice of Indian Multinationals -- A Transaction Cost Analysis by Vinish Kathuria 8. Multinationals from Indian Software Industry by Jaya Prakash Pradhan 8. R&D and International Orientation in the Pharmaceutical Sector in India by K. Narayanan & Ronny Thomas Part III: INDIAN ENTERPRISES -- TECHNOLOGY, GLOBALISATION AND EXPORTS 10. Technological Efforts and Export Performance of IT MNCs from India by K. Narayanan & Savita Bhat 11. Export Participation in Original Equipment Supply Chains: An Econometric Analysis for Auto Component Firms in India by Neelam Singh