Abstract
China and India have both established themselves as world-class competitors - not to speak of exporters - in important segments of the global economy: China in manufacturing and India in services.
Table of Contents
Key messages
India and China' s move up the economic value chain
- Initial inroads
- Altering the competitive map
- New horizons
- R&D as the next target
China and India' s entry into high-tech R&D services
- Ancient history
- Reawakenings
- Rapidly expanding capabilities
- Reasons for investment
R&D growth drivers and inhibitors
- Market growth potential
- Number of qualified people
- R&D quality
- Government policies
- IP protection
- University collaboration
Funding Chinese and Indian innovation
- The need for entrepreneurs
- Flood of foreign capital
- The role of domestic funding
China' s and India' s comparative advantages
- Comparative summary
- China' s infrastructure advantages
- English as India' s ace
- The trouble with governments
- Educational landmines
India' s and China' s value-added challenges
- Upgrading India' s image
- The value in China' s value-add
- Defining high-tech
External economic challenges
- Challenges from above
- Challenges from below
- Raw material challenges
The ‘Chindia' solution
- The risk of single-leg growth foundations
- The benefits of joining forces
- A boom in Sino-Indian trade
R&D as a necessary - but not sufficient - step into a value-added future
- The foundation for the next evolution of industry
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