China & India: expanding roles in the world economy
06 Dec '06
3 min read
China and India: Expanding Roles in the World Economy forum to be held on December 14, 2006; 12:30-2:00 pm at IMF Auditorium (HQ1-R-710) 720 19th Street NW, Washington, DC.
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 theAsia 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.
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