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CHINA AND INDIA The New Economic Powerhouse?

CHINA AND INDIA The New Economic Powerhouse?. CHARLES DHANARAJ KELLEY SCHOOL OF BUSINESS INDIANA UNIVERSITY. Source: Dreaming with BRICS, Goldman Sachs Paper, 2003. CHINA & INDIA: Change Triggered by similar circumstances but… Two Radically Different Paths To Prosperity. USA. SOCIOLOGY.

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CHINA AND INDIA The New Economic Powerhouse?

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  1. CHINA AND INDIAThe New Economic Powerhouse? CHARLES DHANARAJ KELLEY SCHOOL OF BUSINESS INDIANA UNIVERSITY

  2. Source: Dreaming with BRICS, Goldman Sachs Paper, 2003.

  3. CHINA & INDIA:Change Triggered by similar circumstances but…Two Radically Different Paths To Prosperity USA SOCIOLOGY ECONOMICS POLITICS China India

  4. CHINA INDIA

  5. Distribution of Economic Activity China vs. India INDIA CHINA SERVICES MANUFACTURING AGRICULTURE

  6. What are the implications for US? • The unfortunate polarization in response to global reality • “Business as usual” vs. “Confront them now” • It is not a zero-sum game • Prosperity abroad begets prosperity at home (vice versa) • The dynamics of comparative advantage • The case of textile industry in the UK • The shifting distribution of US output 1810: Agriculture 84% Manufacturing 3% 1960: Agriculture 8% Manufacturing 25% 2005: Agriculture 2% Manufacturing 16%

  7. There is a tide in the affairs of men, which taken at the flood leads on to fortune; omitted, all the voyage of their life is bound in shallows and miseries. On such a full sea are we now afloat, and we must take the current when it serves, or lose our ventures. Shakespeare in Julius Caesar

  8. A Roadmap… • Succeeding in China • Cummins Story • The Economic Growth in India • The Healthcare and Pharma Industry • Innovation in an Asian firm • The story of Tata Consulting Services (TCS) • Questions

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