China had about same per capita GDP as that of India in 1970s. In the intervening decades, per capita GDP has quintupled in China. What lessons, if any, can India learn from China's experience to enable the same kind of rapid growth?

China had about same per capita GDP as that of India in 1970s. In the intervening decades, per capita GDP has quintupled in China. What lessons, if any, can India learn from China's experience to enable the same kind of rapid growth?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section17.1: Economic Growth Around The World

Problem 1QQ

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Question

China had about same per capita GDP as
that of India in 1970s. In the intervening
decades, per capita GDP has quintupled in
China. What lessons, if any, can India learn
from China's experience to enable the
same kind of rapid growth?

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