January 21, 2013

India vs. China: India Is Losing

Steven Rattner, New York Times

AP Photo

As recently as 2006, when I first visited India and China, the economic race was on, with heavy bets being placed on which one would win the developing world sweepstakes.

Many Westerners fervently hoped that a democratic country would triumph economically over an autocratic regime.

Now the contest is emphatically over.

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TAGGED: China, India

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