Adoption of NEP in 1990-91 was designed primarily to replace slowly growing closed Indian economy by rapidly growing open economy. The study determines the degree of openness of Indian economy and the profile of time path traversed towards this goal under NEP. The opening up of the closed...

"In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace, to an economic power with an expanding middle class and more megacities than anywhere else on earth. Like every other major power in modern history, China...

25 years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. China is emerging as the new powerhouse for the world economy. This book discusses the impact and significance of this transformation, presenting conclusions...