difficult to identify the mechanism by which the more pro-business policies of the government were translated to higher growth …We also find that the differences with East Asia and particularly China depend on the basis of the comparison. We … compare changes in performance since the reforms, which started in China in 1979 and in India in 1991. Such a comparison shows …

imports from China account for 8% and are growing at over 20% a year. Sharply unbalanced (surplus) trade with the US is … counterbalanced by unbalanced deficit trade with China. A scenario of elevated growth in Asia (principally China, India, and the …

difficult to identify the mechanism by which the more pro-business policies of the government were translated to higher growth ….We also find that the differences with East Asia and particularly China depend on the basis of the comparison. We compare … changes in performance since the reforms, which started in China in 1979 and in India in 1991. Such a comparison shows more …