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NEWNATIONS BULLETIN 16 FEBRUARY 2009
Monthly reports on finance, business, trade,
economics, & political analysis
NEWNATIONS BULLETIN 16 FEBRUARY 2009
THE CHINDIA PROJECT
One hundred and fifty nations exceed one million population. Only two exceed one billion yet together they account for a third of humankind.
Both are nuclear powers, both are expanding economies clearly beginning to punch their economic weight in the world. China because it's economy and that of the US are interdependent. India, so long a sleeping giant, has discovered its potential excelling in knowledge-based industries, and its attraction to international investors in that context.
They both have ancient histories and in their interface with the west endured dramatic colonial experiences until the mid-20th century . One is a liberal democracy, the other a communist autocracy. They have many similarities and wide differences.
A few years ago, a visiting Chinese prime-minister Zhu Rongji speaking in Bangalore suggested that "the combination of Chinese hardware and Indian software would prove irresistible to the global market".
We examine where this concept of CHINDIA - the economic combination of the two giants - might go in this comparative perspective, a quite plausible scenario, as the USA loses its absolute economic domination in the world, and Asia displays its immense potential.
This paper considers possibilities of enmity and prospects for collaboration. Whatever outcome, individually or together these great nations are due to become the heavyweight new global players of the 21st century.
The author, Professor Surjit Mansingh has long been a leading authority on "Rising China and Emergent India." She presently teaches at the American University Washington DC having previously been Professor of International Politics at Jawaharlal Nehru University New Delhi. Before entering academic life she was a member of India's Foreign Service. Amongst numerous other publications, she is the author of the monumental "Historical Dictionary of India."
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