ABSTRACT
The so-called ‘East Asian Miracle’, the rapid growth of the Chinese economy over the past few decades and the recent spurt in the growth rate of the Indian economy, particularly in its information technology (IT) sector, have drawn considerable attention in the research agendas of academic scholars as well as other researchers and international organizations like the International Monetary Fund (IMF) and the World Bank. A good deal of the research work is widely scattered and, as one might expect, tends to be quite technical and at the same time cover a wide variety of issues. It is our strong belief that there is a wide constituency of readers, both economists, including students, and policy makers and others interested in Asian economic affairs, whowould be interested in a rigorous though not necessarily technical, accessible and wide-ranging assessment of the existing evidence and arguments on some of the major issues under one roof.
