The paper discusses views on China and India as country role models. In so doing the article recounts the economic and political reforms pursued by the two countries. The paper also outlines the outstanding reforms and the bottlenecks that could jeopardize economic performance and development...

Introduction -- Concept of social economy: past and present -- Economic liberalisation and social development -- Social consequences of economic policies -- Marginalisation of agriculture sector -- Social implications of political process -- Caste prejudices and human dignity -- Language,...