Gravity Shift: How Asia's New Economic Powerhouses Will Shape the 21st Century
The rapid growth, diversity, and strategic importance of the emerging Chinese and Indian economies have fired the world's imagination with both hopes and fears for the future. In this perceptive analysis of changing institutions, demographics, and politics, Wendy Dobson paints a thoughtful and surprising picture of India and China as economic powerhouses in the year 2030. Examining past events and current trends, Gravity Shift offers bold predictions of the changes we can expect in key economic and political institutions in China and India, changes that will inform and shape tomorrow's business decisions.
Dobson's work anticipates that by 2030, China's economy will be larger than those of the United States, India, and Japan, though its population will be aging and its growth slowing. India will also come into its own, making major strides in modernizing its vast rural population, vanquishing illiteracy, and emerging as an innovative manufacturing powerhouse. A China-India free-trade agreement could well become the foundation of a cooperative Asian economic community. As the world re-evaluates business practices in the wake of the global economic crisis, Gravity Shift provides a clear vision of how India and China will reshape the Asian region and inform and transform global economic institutions.
- Division: Scholarly Publishing
- Imprint: Rotman-UTP Publishing
- World Rights
- Page Count: 224 pages
- Illustrations: 5
- Dimensions: 6.0in x 0.6in x 9.0in
Reviews'A well-written analysis ... a refreshing read as to where the world is headed without the usual ideological, paranoiac or pessimistic filters that many western analysts rely on when looking at Asia's development.'
Diane Francis, National Post
'Gravity Shift is an important contribution to the literature on the global shift of economic power and influence and a good read for anyone interested in doing business in these two countries.'
Michael Kelly, Ottawa Business Journal
'Gravity Shift ... [is] a hard-to-dispute book.'
Jeffrey Simpson, The Globe and Mail
'Recommended . . . [for] general readers and all levels of undergraduate students.'
S.J. Gabriel, Mount Holyoke College, Choice Magazine
'Gravity Shift is a big-picture analysis of where the economies of China and India are today and what the future may hold ... Excellent and well-written book.'
Loren Brandt, University of Toronto; co-editor of China's Great Economic Transformation
'Gravity Shift is a fascinating account of the emergence of India and China as Asia's giant economies .... essential reading for comprehending the similarities and contrasts ... and how these countries promise to transform the global economy in the forthcoming decades.'
Arvind Panagariya, Columbia University School of International and Public Affairs; author of India: The Emerging Giant
Author InformationWendy Dobson, one of Canada's leading international economists, provides two unique vantage points based on her own experiences in the two countries and in the international system. One is top-down, informed by her role as Canada's Associate Deputy Minister of Finance responsible for international financial diplomacy in the G-7 in the late 1980s and more recently as a professor at the University of Toronto. The other perspective is bottom-up, drawing on her life and work in India in the 1960s, in a job that took her into politicians' offices and sent her into the villages, and her many visits to China starting in 1978, the year that its transformation began to emerge.
Since 1993 she has led research and teaching at the Rotman Institute for International Business at the University of Toronto's Rotman School of Management. She has published twenty books and many articles on Asia and the international economy. Between 1995 and 2002 she was the managing editor of the Hong Kong
Table of contents
1. Why Are They Growing So Fast?
2. Developing Human Capital
3. Finance: Sharper Scissors Required
4. From Latecomers to Technology Titans?
5. Sprints, Spurts, and Stumbling Blocks
6. As Gravity Shifts
7. The New Asian Powerhouses and the World Economy in 2030
PrizesNational Business Book Award awarded by The National Business Book Award - Short-listed in 2010
Subjects and Courses