[...]... over the coming decades Despite the importance of these countries, their strengths and weaknesses, the sources of their growth, and the missing ingredients to sustain high growth rates—are not widely known Thus the first session of the conference, “India and China in the Global Economy”, was devoted to providing the background necessary to understand what is happening in the two economies today and. .. rest of the world, by organizing a conference in Washington, D.C., to discuss the recent changes at the macroeconomic level and in selected industries and their causes and implications The meeting drew academic experts, private sector leaders, and public officials from both countries and international organizations and attracted an audience in excess of 350 people Titled, The Dragon and the Elephant: ... of the speakers and discussants and are not the consensus views of PREFACE conference participants, the planning committee, the Board on Science, Technology, and Economic Policy, or the National Academies The organization of the document follows the organization of the symposium, whose agenda can be found in Appendix A Chapter 1 offers an overview of the current recent performance of the Chinese and. .. that India and THE DRAGON AND THE ELEPHANT China would move forward together The rift between the two countries in the 1950s was a great disappointment to Nehru Now, the increase in international commercial activity and the growing middle class in both countries will drive demand for better health care, environmental quality, and quality of life A European Union was scarcely imaginable amid the ruins... generation capacity at an unprecedented rate In the future there is prospect for some diversification, with nuclear, hydro and wind power playing a greater role Accounting for a THE DRAGON AND THE ELEPHANT large share of the world’s new power generation capacity over the next few decades, China is poised to become the lowest price producer and therefore the global manufacturing base for energy technology,... Cultural Revolution of the late 1960s and 1970s, the brain drain of the 1970s and 1980s, and the population’s aging KEYNOTE At the beginning of his remarks, Satyanarayan “Sam” Pitroda of the Indian National Knowledge Commission and WorldTel, Ltd., observed that his personal history reflects the power of innovation and international networks Raised in a tribal area in Orissa and the first member of his... in the United States, and developed his entrepreneurial skills here before returning to India to work with Prime Minister Rajiv Gandhi in the 1980s to assist in developing a robust telecommunications industry in an inhospitable policy environment The dragon and the elephant are as different as the Yellow and the Ganges Rivers The conventional view, he said, is that China is focused on manufacturing and. .. supplier to western markets, the Chinese industry will have to overcome fragmentation and lack of brand identification As in other sectors, the roles of Chinese and Indian firms in pharmaceuticals and biotechnology reflect partly the breakdown of the self-contained innovation chain in western multinationals and partly the long-standing strengths in particular research, development, 4 and manufacturing segments... endorse the content of the report, nor did they see the final draft before its release Responsibility for the final content of this report rests entirely with the authors and the institution Stephen A Merrill, Study Director Contents SUMMARY 1 1 INDIA AND CHINA IN THE GLOBAL ECONOMY 5 2 WHAT IS THE UNITED STATES’ INTEREST? 11 3 HUMAN CAPITAL DEVELOPMENT 13 4 CAPITAL MARKETS AND INVESTMENT 17 5 RESEARCH AND. .. approved by the National Academies’ Report Review Committee The purpose of this independent review is to provide candid and critical comments that will assist the institution in making its published report as sound as possible and to ensure that the report meets institutional standards for quality and objectivity The review comments and draft manuscript remain confidential to protect the integrity of the process . scientific and engineering research, dedicated to the furtherance of science and technology and to their use for the general welfare. Upon the authority of the. countries are beginning and likely to play in the globalization of innovation. That conference, The Dragon and the Elephant: Understanding the Development