ABSTRACT
This chapter seeks to understand the comparisons and contrasts by simplifying four major trends: first, the role of the state encircled by powerful capitalist elites. Secondly, legal structures where poorly regulated practices within personal ownership and formal joint stock structures allowed flexibility and special character to corporate economies in both states. Thirdly, patterns of expansion that allowed the survival of a dominant family stake in the corporate economy of India in contrast to China. Finally, in an era in which globalization leads to a precocious China, faced with demand for resources and security back home, expanding into Africa as well as into Myanmar, Brazil and the West, China's global ambitions are not incorporated into global power and remain shadowy. However, in labour intensive industries such as apparel, footwear and household products, China's expansion has been at the expense of South East Asian manufacturers. The ethical capitalism is pluralistic, adapting to specific socio-economic and political environments.
