Introduction : the myths floating around the giants -- Economic reform and growth : differing patterns and institutions -- Agriculture : still the most crowded sector -- Infrastructure : the dazzling difference -- High saving, low financial intermediation -- The pattern of burgeoning capitalism...

The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world's income by 2025. Yet, many of the views regarding China and...