Includes bibliographical references and index.

Introduction, Nobuharu Yokokawa, Jayati Ghosh, Robert Rowthorn Part 1: The Renaissance of China and India 1. Asia's The Impact of China and India on the Advanced Economies, Robert Rowthorn 2. The Renaissance of Asia and the Emerging World System, Nobuharu Yokokawa 3. Knowledge and the Asian Challenge, C.P. Chandrasekhar 4. Japanese Corporations in China's Developing Economy, Hiroshi Itagaki Part 2: Chinese Perspective 5. China and World Development, Dic Lo 6. The Rise of Mass Capitalism in China, Tomoo Marukawa 7. Theoretical Possibilities of Socialist Market Economy and the Chinese Road, Makoto Itoh Part 3: Indian Perspective 8. Growth and Emergent COnstraints in the Indian Economy in the Context of Global Uncertainty, Jayati Ghosh 9. The Idiosyncratic Nature of India's Economic Development: Can It Be a New Model of Economic Development?, Hideki Esho