The latest in a plethora of books about China and India explains why both countries are in a win-win position. In Mint-Lounge, Chandrahas Choudhury reviews Harvard Business School academic Tarun Khanna’s book, Billions of Entrepreneurs (Penguin/Viking).
Early in his book Billions of Entrepreneurs, Harvard Business School academic Tarun Khanna cites a study that suggests that the combined economies of China and India accounted for possibly as much as half of the world’s gross domestic product two centuries ago. Thereafter, a combination of factors-the Industrial Revolution, the depredations of colonialism, inward-looking policies, internal conflicts-led to these two powerhouses being left behind by the rapidly modernizing and technologically advanced West. It is only recently that their comparative advantages in sectors of world trade have energized their long dormant economies and restored to their populace (though not evenly, not without costs and omissions) a mood of optimism and confidence.
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