- 1947. England asserted Independence to India. It then takes 'more than 2 years' for India to constitute her own 'Republic' status. The endogenous variable of India enables the 'structural functionality' of 'Fabian Socialism' which proves to create imbalanced balance of payment/trade by late 1980's that pushes the 'Liberalization & Privatization' of her Economy by 1991.
- 1949. China colors itself Red. The People's Republic constitutes by 1958, 1978, 1982, 2004 to balance the 'Maoism rationally'. However, China is privileged more with 'Dengism' by liberalizing the economy since 1979 as before its 'import-led-substitution' mentality did not do well (later) like that happened in India from 1950 to 1980. Contemporarily, the export-led Industrialization of China (having enjoyed twice times the MFN status from US) ranks 2nd in the World Economy.
Before 1960, India and China were smartly employing together politically to condemn the Expansionist West and Communistic Soviet but however this Non-Alignment dream hitherto looks good on papers as the then era of Cold War politics did behold the border conflict between India and China in the year 1962. China and India went to War for the first time in the history of Human civilization, as never before there were any grievances between them. After the collapse of Bretton Woods system in 1972, the so-called Neoliberal Globalization gained consciousness that stocked in Economic cooperation overtaking Military conflict between China and India. However, the geostrategic tribulations between them exist but still the so-called Economic Liberalism have made them interdependent on each other. To say more, China and India have their own entrepreneurship and markets which makes the West to be dependent on Chindia. When taken the parameters like GDP, Human Rights, etc., etc into the consideration between Democratic India and Communist China, each of them would have a good comparative advantage over one another. I still have to think deeply on India's deficit with trading China of about Rs. 2500 crore.
The so-called Peaceful Rise of China, holistically have an economic advantage over India and West, of which its peaceful rise and harmonious development grimaces the Western allies. Strategic cooperation in East Asia and South Asia have escalated that has unnecessarily poked in the nose of Uncle Sam. Such mechanics have cultivated the environment of Cold War 2.0 between USA and China (Chimerica http://www.telegraph.co.uk/finance/...e-the-world-in-2050-or-America-after-all.html) or say the G-2, also in Africa and Latin America region. I can group it, in the context of South Asia and East Asia where Chindia is geographically located, as into US, Japan, South Korea, Australia, India, Vietnam, Indonesia and Malaysia against China, Pakistan, Russia, Sri Lanka, Myanmar, Cambodia and North Korea. However, my analysis ain't on biblicalizing Cold War but to comprehend the readers that whether the cooperation between India and China is good for the Global Political Economy or whether the divided China and India is not bad?
From my above prefacing analysis on the topic, I surfed and found an interesting piece that might help readers to ratiocinate the issue succinctly.
Slow and Steady wins the Race, I may say so, when thinking about the Fabian development of the Indian economy in which the current race of her cannot catch up with China when drastically compared. However, 'One child policy', 'Human Rights', 'Over-ageing population' of China would turn out to be its weakness by 2050 when India, as generalizedly said, is set to overtake the Chinese economy? http://www.2point6billion.com/news/...ia-the-proverbial-hare-and-tortoise-4364.html
