China, India and global development
The global economy is undergoing a profound and momentous shift.
The first half of the 21st century will undoubtedly be dominated by the consequences of a new Asian dynamism, in particular the rise of China and India. China is likely to become the second biggest economy in the world by 2016, and India the third largest by 2035.
These two very large and dynamic Asian economies comprise a range of distinctive public and private actors, different in kind from those who have hitherto driven the global economy. The economic processes they engender, are radically transforming regional and global economic, political and social interactions. This is a critical ‘disruption’ to the global economic and political order that has held sway for the past five decades. It is reshaping the world as we know it, heralding what we refer to as a new ‘Global-Asian’ era.
The rise of China and India poses challenge and opportunities for global development, in both high- and low-income economies. Our collective and individual work seeks to chart, analyse and theorise these challenges by:
- undertaking original research on China and India and on other countries impacted by their development;
- executing this research programme through a network of global researchers;
- working with key stakeholders to assess the impacts for policy; and
- analysing the implications for theory.
This work is funded by the Economic and Social Research Council.
We also pursue these interests in collaboration with a network of colleagues at Bristol University, the Institute of Development Studies at Sussex, the Open University and the German Development Institute.
For further information about the group and its work, please contact Khalid Nadvi.
Our working papers in the PEI Manchester Papers in Politics series:
- Kunal Sen (02/07, November 07), Why Did the Elephant Start to Trot? India’s Growth Acceleration Re-examined
- Jeffrey Henderson (01/07, November 07), China and the Future of the Developing World: The Emerging Global-Asian Era and its Consequences
- Nicola Phillips, 'China and the New Global Economy: Is Development Space Disappearing for Latin America and the Caribbean?', in Andrew F. Cooper and Jorge Heine (eds), Which Way Latin America? Hemispheric Politics meets Globalisation (United Nations University Press, 2008).
Does the emergence of China challenge everything we thought we knew about development?
This was a one-day workshop on 25 April 2008, co-sponsored by the Political Economy Institute and the British Inter-university China Centre (BICC).