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For the past 40 years, the most dynamic economies in the world were China and India. From approx. 5% of US GDP level …, China grows to 26% and India to 11% of current US levels. The ratio of foreign trade to GDP is similar for both countries as … well as capital flows to GDP. So why did China outperform India twice in terms of GDP growth and why is India first now …
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This essay is an entry in the forthcoming Encyclopedia of International Economic Law from Edward Elgar Publishing, edited by Krista Nadakavukaren Schefer and Thomas Cottier and due to be published in 2016. Development is about aspiration — our longing for a better life as individuals and as a...
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