China and India: Expanding Roles in the World Economy

What does the future hold for these two giants? Each country is seeing its role in the global economy expand, and with this expansion, a whole new array of emerging economic and financial issues must be tackled if the current period of growth is to endure. In this context, issues confronting China have included: how to expand its services sector, especially financial services, to keep pace with the incredible growth of its manufacturing sector; and how to ensure the widest possible diffusion of the huge economic gains seen over the last ten years. In India, the efforts of policymakers, to address similar issues of how to encourage less successful sectors of its own economy, have been complicated by the forces of globalization and the ever-changing realities of today's global economy. One thing is clear, however, both India and China are working toward sustainable and balanced growth.

These issues and insights will be discussed by a distinguished panel of experts during a forum to launch two new books that have been released recently by the IMF:

India Goes Global: Its Expanding Role in the World Economy

China and India-Learning From Each Other: Reforms and Policies for Sustained Growth

Moderated by:

Wanda Tseng
Wanda S. Tseng is Deputy Director in the Asia and Pacific Department of the International Monetary Fund. She has wide experience in Asia, having worked in the region for over 20 years and has published papers on macroeconomic policy issues and financial liberalization in Asian countries, economic reforms in China, and trade policy in industrial countries. Her most recent work is a book China Competing in the Global Economy published in January 2003, and India and China's Recent Experience with Reforms and Growth, published October 2005. She received her Ph.D. in economics from the University of Maryland.

Featuring:

Jahangir Aziz
Jahangir Aziz is the head of the China division in the Asia and Pacific Department. He has served as the IMF's mission chief for Hong Kong SAR, Singapore and Sri Lanka. He has also been in the Fund's Research Department and has written extensively on numerous topics, including the determinants and dynamics of growth. He received his PhD in economics from the University of Minnesota.

Minxin Pei
Minxin Pei is a senior associate and director of the China Program at the Carnegie Endowment for International Peace in Washington DC. He received his Ph.D. in political science from Harvard University in 1991 and taught politics at Princeton University from 1992 to 1998. His main interest is U.S.-China relations, the development of democratic political systems, and Chinese politics. He is the author of From Reform to Revolution: The Demise of Communism in China and the Soviet Union (Harvard University Press, 1994) and China's Trapped Transition: The Limits of Developmental Autocracy (Harvard University Press, 2006).

T. N. Srinivasan
T. N. Srinivasan is a Ph.D. and Samuel C. Park, Jr. Professor of Economics at Yale University. Formerly a Professor, and later Research Professor, at the Indian Statistical Institute, Delhi (1964-1977), he has taught at numerous universities in the US. His research interests include International Trade, Development, Agricultural Economics and Microeconomic Theory. Also, he is a Fellow of the American Philosophical Society, the Econometric Society and the American Academy of Arts and Sciences, and a Foreign Associate of the National Academy of Sciences. He was named Distinguished Fellow of the American Economic Association in 2003.

Copies of the books will be available at the IMF Center Bookstore.

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Please note that due to enhanced security arrangements:

1. An RSVP is required: EventsRSVP@imf.org.

2. Guests please present a photo identification and use the IMF Center entrance at 720 19th St. N.W. Washington DC (at the white tent). Only IMF/World Bank staff should enter through the main 700 19th St. entrance.