India and China offer intriguing mirror images. Modern India has long been open politically and, until recently, closed economically. Modern China has opened economically, but remains politically closed. The comparison reveals that, while politics and economics can never fully be separated, political openness is a better guarantor of long-term stability than economic openness.


The J Curve: A New Way to Understand Why Nations Rise and Fall (2006).


India and China offer intriguing mirror images. Modern India has long been open politically and, until recently, closed economically. Modern China...

India and China offer intriguing mirror images. Modern India has long been open politically and, until recently, closed economically. Modern China...

India and China offer intriguing mirror images. Modern India has long been open politically and, until recently, closed economically. Modern China...

India and China offer intriguing mirror images. Modern India has long been open politically and, until recently, closed economically. Modern China...