India, China and Globalization: The Emerging Superpowers and the Future of Economic Development

Economic growth does not always add up to development. In a world riddled with asymmetries and disparity, the economic achievement of India and China shows a path that, despite all its inherent imperfections, can take poorer nations towards development. The two countries are recent reminders of an invaluable lesson of our times: development does not need perfect systems, but it is the outcome of strategic thinking, smart implementation and efficient governance. As we stand on the threshold of th…