The rapid growth of China and, more recently, of India, is having major effects on every facet of the global economy. The supply of labor-intensive manufactured exports (from China in particular) has been accompanied by a huge expansion in their imports both of raw materials and of...

Introduction -- Section 1: India's Industrial Growth: Opportunities and Challenges -- India’s industrial development including manufacturing, construction, and mining -- Manufacturing vs. Services -- Global value chains -- Industrial development and climate change -- Section 2: Role of Trade...