![]() ![]() So, in the 1960s, life expectancy in China, in India, was kind of level. The extreme poverty which still haunts very substantial parts of the Indian population-there really is no counterpart in China anymore.īut the numbers are very impressive. This is a matter of people’s livelihoods. And this is not a matter of abstract numbers. But you can only go so far with the apologetics because the results are spectacularly different. So to compare the Indians to China is rather unfair to the Indians. Why did these two giant countries-each of them has about a sixth of the world’s population-diverge to the extent that they have? It’s important to say that no country, no economy, has ever grown the way the Chinese have. What has held it back? Is it democracy in India as opposed to China’s political system?Īdam Tooze: I was literally sitting in my hotel room this afternoon thinking, why does anyone focus on any other question? It is very dramatic. ![]() But there is also a sense that India’s economy has never quite taken off the way China’s did, especially between 19. For the entire conversation, subscribe to Ones and Tooze on your preferred podcast app.Ĭameron Abadi: It has become something of a cliche to pair China and India when discussing the future of the world economy-the future world powers in the East. What follows is a transcript of the interview, edited for clarity and length. Those are some of the questions that came up in my conversation this week with FP columnist Adam Tooze on the podcast we co-host, Ones and Tooze. LISTEN HERE:For the entire conversation, and episodes in the weeks ahead on this subject and others, follow Ones and Tooze wherever you get your podcasts.
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