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In a world riddled with asymmetries and disparity, the economic achievement of India and China shows that it is possible to find a path that, despite all its inherent imperfections, can take developing nations towards development. The two countries are recent reminders of an invaluable lesson of our times: development does not need perfect systems, but it is the outcome of strategic thinking, smart implementation and efficient governance. This book presents an exploration of the economic ascent of India and China, and offers an alternative approach to development that emanates from the empirical evidence from these two countries in recent decades. The main theme of India China and Globalization is development and its release is particularly well timed because 2015 is the deadline for the millennium development goals (MDGs). These were time bound targets that were specified in the year 2000 with the fundamental objective of addressing extreme poverty in its many dimensions. It is of foremost significance that most countries in the developing world do not even come close to having attained the MDGs and the reason for this is not the lack of capital.