Political Economy of Development

In this final chapter we briefly review the major findings of the earlier chapters in the light of the political economy factors that may explain similarities as well as differences in development strategies and their outcomes. One cannot really study the economies of China and India (and other developing countries for that matter) without touching on the socio-political contexts in which development strategies, policies and economic reforms are formulated and implemented. Thus this chapter speculates about the influence of non-economic forces on development outcomes generally and in China and India in particular.