Economics, Econometrics and Finance
8 years ago

China's Trade Liberalization Skyrockets Economic Growth, Leaving India Behind.

Trade Liberalization and Its Role in Chinese Economic Growth
Nicholas R. Lardy

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Trade liberalization has played a crucial role in China's economic growth compared to India. China's global trade share has significantly increased since the late 1970s, while India's share has decreased since the 1940s. China's trade performance has been much better than India's, with China's global trade share currently six times that of India. This disparity highlights the impact of economic reforms on trade performance between the two countries.