Attention Economy


Tuesday, January 2, 2024

India and China: Long-Term Economic Challenges

Is the Chinese Miracle Over?
https://www.project-syndicate.org/commentary/china-poor-economic-performance-temporary-result-of-policy-interventions-by-yao-yang-2024-01
From US-led “decoupling” to unfavorable demographic trends, the impact of the most-cited factors affecting China’s growth prospects is probably overstated. Instead, the recent weakness of China’s economic performance largely reflects the temporary costs of necessary policy interventions.

How Can the World’s Growth Engine Do Better?
https://www.project-syndicate.org/commentary/how-china-can-avoid-falling-into-debt-deflation-trap-by-shang-jin-wei-2024-01
The biggest threat facing the Chinese economy is a catastrophic debt-deflation spiral. To boost aggregate demand and prevent a prolonged period of deflation and stagnation, policymakers must adopt aggressive fiscal and monetary policies and reform China’s state-owned banks.

China Is Pressing Women to Have More Babies. Many Are Saying No.
https://www.wsj.com/articles/china-population-births-decline-womens-rights-5af9937b
 
India’s Infrastructure Push Is Key to Taking on China
https://www.wsj.com/world/india/indias-infrastructure-push-is-key-to-taking-on-china-f2867b9c
Infrastructure investment could be a backbone of India’s economic growth. It just needs a lot more private money. 

India Is Chasing China’s Economy. But Something Is Holding It Back.
https://www.nytimes.com/2024/01/02/business/india-economy-foreign-direct-investment.html
Long-term investment in India by businesses is stagnant, and foreign money is falling, even as the government is driving growth with infrastructure spending.

India’s Food-Security Problem Is Also the World’s
https://www.wsj.com/finance/commodities-futures/indias-food-security-problem-is-the-worlds-too-07adc926
India’s tightly controlled agricultural market has left food production highly vulnerable to climate change

India Wanted a Manufacturing Boom. Its Workers Are Back on the Farm Instead.
https://www.wsj.com/world/india/india-wanted-a-manufacturing-boom-its-workers-are-back-on-the-farm-instead-e94bb940
India’s agricultural employment is growing by tens of millions despite Prime Minister Narendra Modi’s push for factory jobs