In India, and even in China, growth has proven to be compatible with individual liberty
Yasheng Huang is the professor of political economy and international management and holds the international program professorship in Chinese economy and business at Sloan School of Management, Massachusetts Institute of Technology (MIT). Professor Huang has authored several books on the role played by FDI, investment controls and financial reforms in the Chinese economy. At MIT Sloan School, Professor Huang founded and runs China Lab and India Lab, which aim to help entrepreneurs in China and India improve their management.
China and India are unambiguous success stories of economic reforms and globalisation. This much we know and agree upon. Although scholars debate about the relative importance of different economic policies, to the extent there is any consensus, most would agree that the cumulative effects of the policy package adopted in the two countries have worked in delivering growth.
(This story appears in the 04 June, 2010 issue of Forbes India. To visit our Archives, click here.)