The primary focus of this chapter is an analysis of economic reforms, post-reform performance and future prospects of both economies. In Section 2, I describe the state of the two economies as they initiated their development efforts, their politico-economic social frameworks, and their achievements in terms of important socioeconomic indicators; Section 3 is devoted to their pre reform development strategies. In the subsequent two sections, I describe the background to, the rationale for, and contents of reforms in China since 1978 (Section 4), and in India since 1991 (Section 5). I concentrate primarily on reforms of foreign trade, industry and the financial sectors. I discuss agricultural reforms only briefly, primarily because the reforms of the two countries are not comparable, with India yet to initiate significant reforms. Section 6 details the achievements of reforms in both countries. Section 7 concludes with an assessment of yet to be initiated, but needed, reforms and the likely future prospects of the two economies.
Remarks by Martín Guzmán at 12th Edition of the Paris Forum: Key findings and conclusions of the Jubilee Report
Dear members of the Paris Club Secretariat, Thank you for the invitation to present some of the key findings and conclusions of the Jubilee Report, commissioned by Pope Francis and prepared by a Commission of
Martín Guzmán
Joseph Stiglitz
Ignacio González