China Build Focused Economy Versus India
by Brian Wang from NextBigFuture.com on (#74R2D)
China's economy for the past 50 years has been investment/export/industrialization-driven with permissive building. There are fast approvals, state capacity). India's became more consumption-led with decentralized hurdles and lower infrastructure spending. China's GDP multiplied ~30* (1980-2010) vs. India's ~5*. Productivity growth (output per worker) was nearly double India's for decades. India and China starting point was ...