New Industries from New Places: The Emergence of the Software and Hardware Industries in China and India

Neil Gregory, Stanley Nollen and Stoyan Tenev

No 13805 in World Bank Publications - Books from The World Bank Group

Abstract: China and India have grown rapidly in importance in the global economy over the past two decades the same period in which hardware and software have become important tradable products in the global economy. China has reached global scale in the hardware industry but not in software; India has achieved the reverse. These recent developments offer new insights into the ways in which new industries can take root and flourish within the broader context of developing economies. This progress has attracted widespread comment, most of it anecdotal or based on partial explanations of industrial growth. This study seeks to provide a fuller explanation based on an empirical analysis of the macro and micro underpinnings of these contrasting growth stories. In doing so, the study sheds a broader light on the economic development paths that China and India have taken since 1990, and also on the process by which developing economies can enter and succeed in new markets.

Keywords: Finance; and; Financial; Sector; Development-Banks; &; Banking; Reform; Industry; Information; and; Communication; Technologies-ICT; Policy; and; Strategies; Information; and; Communication; Technologies-Information; Technology; Water; Resources-Water; and; Industry; Private; Sector; Development-E-Business (search for similar items in EconPapers)
Date: 2009
ISBN: 978-0-8213-6478-9
References: Add references at CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:13805

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