A Tale of Two Asias by Stephen Roach

The China-India comparison is central to the Asia debate. It is also of great importance to the rest of the world. In the end, it may not be either/ or. While China has outperformed India by a wide margin over the past 15 years, there are no guarantees that past performance is indicative of what lies ahead. Each of these dynamic economies is now at a critical juncture in its development challenge — facing the choice of whether to stay the course or alter the strategy. The outcome of these choices has profound implications — not just for the 40% of the world’s population residing in China and India, but also for future of Asia and the broader global economy.

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