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Pranab Bardhan,renowned economist and professor at University of California,Berkeley,launched his book Awakening Giants,Feet of Clay: Assessing the economic rise of China and India in New Delhi at the India International Centre on Wednesday. As befitting the gravity of the work,the launch took the shape of a lecture by the author,followed by a discussion among eminent economists and a sociologist,rather than cocktail chatter mumbled through mouthfuls of paneer-heavy hors doeuvres.
Bardhan said his book sought to qualify conventional wisdom his polite phrase for the worlds common misapprehensions and assumptions on India and Chinas growth. Much of this growth,typically spoken of in breathless zoological metaphors,such as races between dragons and elephants,was,Prof Bardhan pointed out,in Chinas case,particularly,erroneously attributed to globalisation. Rather,the growth and the quantum of poverty reduction resulting from it,was determined by other factors,like land rights and social inequity.
For instance,while Chinas poverty reduction between 1981 and 2005 was tremendous in absolute terms 625 million oddly,much of it occurred not in their current-day rampant globalisation phase,but in the 80s,due to an egalitarian distribution of land use rights,which gave the poor a safety net. The higher current-day growth,for the most part,said Bardhan,didnt translate much into reduction of poverty,particularly in India,due to the crucial inequality of opportunity.
In China,decentralisation had gone much deeper,which made a dazzling difference in terms of physical infrastructure,as did the fact that civil servants had incentives to perform well. Their incentive-less Indian counterparts,on the other hand,dont rock the boat and go somewhere else. However,he pointed out,the Chinese incentive system was also responsible for capitalist excesses such as environmental degradation.
Sociologist Patricia Uberoi praised the book,and recounted an amusing anecdote about a brave Chinese social scientist who presented a paper on sexual frequency which found party members to have a more vigorous sex life and better sex,co-related to high education. She added that in the reproduction of inequality,education counted less for social mobility than party members making the right marriage,or the sort of jobs they got and directed their kids into. This,among other sociological factors,also needed to be taken into account for a complete picture of comparative development,she said.
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