Contents -- Acknowledgments -- About the Authors -- Abbreviations -- Chapter 1. Introduction -- China Awakens -- India Gathers Speed -- The Puzzle of Growth Miracles -- Enter Korea -- China Sets a New Benchmark -- India in the Global Scales -- Savings, Investment, Technology, and Growth: A Comparison -- In a Class of Its Own -- References -- Chapter 2. Development Experience of China and India -- China's Industrial Development -- India's Development Experience -- References -- Chapter 3. Trade Dynamics in China and India -- Asian Intraregional and Intra-industrial Trade -- Investing to Export -- Wages and Labor Productivity -- Competitive Advantage and Its Evolution -- Role of FDI and Processing Trade -- China and India as Importers -- References -- Chapter 4. Unfolding Industry Dynamics in East and South Asia -- Industrial Trends in the Rest of Asia -- Trade Competition: China, India, and the Rest -- Technological Capabilities and Competitiveness -- Future Prospects -- References -- Chapter 5. The Drivers of Asia's Industrial Geography -- Rebalancing the United States -- Savings and Investment -- Major Technological Shifts -- Clustering of Industrial Activities -- Shift in Global Production Networks -- References -- Chapter 6. Industrial Strategy at a Crossroads -- Scenario 1: Business as Usual -- Scenario 2: Concentration of Economic Activities in China and India -- Scenario 3: New Industrial Epoch, New Opportunities -- Concluding Observations -- References -- Index -- Figures -- 1.1 Per Capita GDP Growth of Germany and Japan (Deviation from World per Capita GDP Growth) -- 1.2 Per Capita GDP Growth of China, India, and the Republic of Korea (Deviation from World per Capita GDP Growth) -- 1.3 Gross Capital Formation -- 1.4 Gross Domestic Savings -- 1.5 Exports of Goods and Services -- 1.6 Share of World GDP -- 1.7 Global Share of Nominal GDP.

1.8 Share of FDI in GDP -- 1.9 Per Capita GDP Growth and Labor Force with Tertiary Education -- 1.10 Per Capita GDP Growth with Patents -- 1.11 Per Capita GDP Growth and Labor Force with Tertiary Education: China -- 1.12 Per Capita GDP Growth and Labor Force with Tertiary Education: India -- 2.1 Relationship between GDP Growth and Growth in Manufacturing Value Added -- 2.2 Percentage Point Contribution of Real Net Exports to GDP Growth in Asia -- 2.3 Composition of GDP (Supply Side), China -- 2.4 Industrial Composition by Type of Manufactures of China, 1981, 1990, and 2003 -- 2.5 Output per Worker by Sector, China, 1978-2004 -- 2.6 Share in Global Output, Textiles, 1981 and 2002 -- 2.7 Share in Global Output, Wearing Apparel (except Footwear), 1981 and 2002 -- 2.8 Share in Global Output, Leather Products, 1981 and 2002 -- 2.9 Share in Global Output, Electric Machinery, 1981 and 2002 -- 2.10 Export Composition of China by Technology Class -- 2.11 Export Composition of Japan by Technology Class -- 2.12 Export Composition of the Republic of Korea by Technology Class -- 2.13 Average Tariff Rates, China and India -- 2.14 Composition of GDP (Supply Side), India -- 2.15 Industrial Composition by Type of Manufactures of India, 1981, 1990, and 2002 -- 2.16 Contribution of Leading Sectors to Growth, India, 2002-03 through 2007-08 -- 2.17 Output per Worker by Sector, India, 1978-2004 -- 2.18 Contribution to Growth (Demand Side), India -- 2.19 Export Composition of India by Technology Class -- 2.20 Gross School Enrollment, 2006 -- 3.1 Changes in Intra-industry Trade of East Asian Economies -- 3.2 Intra-industry Trade by South Asian Economies -- 3.3 Intra-industry Trade in Auto Parts by Asia Region -- 3.4 Intra-industry Trade in Electronics and Electrical Machinery by Asia Region -- 3.5 Intra-industry Trade in Furniture by Asia Region.

3.6 Intra-industry Trade in Garments and Textiles by Asia Region -- 3.7 Intra-industry Trade in Auto Parts within the Region by Asian Economy -- 3.8 Intra-industry Trade in Electronics within the Region by Asian Economy -- 3.9 Intra-industry Trade in Furniture within the Region by Asian Economy -- 3.10 Intra-industry Trade in Garments within the Region by Asian Economy -- 3.11 Trends in Direct Threat Faced by the Republic of Korea in EU15 Market from India -- 3.12 Trends in Partial Threat Faced by the Republic of Korea in EU15 Market from India -- 3.13 Product Space of China, 1987 -- 3.14 Product Space of China, 2006 -- 3.15 Product Space of India, 1987 -- 3.16 Product Space of India, 2006 -- 3.17 East Asia Inward FDI -- 3.18 South Asia Inward FDI -- 3.19 Average Tariff Rates, East Asia -- 3.20 Average Tariff Rates, South Asia -- 4.1 Industrial Composition by Type of Manufactures of Japan: 1981, 1990, and 2002 -- 4.2 Industrial Composition by Type of Manufactures of the Republic of Korea: 1981, 1990, and 2002 -- 4.3 Industrial Composition by Type of Manufactures of Taiwan, China: 1981, 1990, and 1996 -- 4.4 Export Composition of Japan by Technology Class -- 4.5 Export Composition of the Republic of Korea by Technology Class -- 4.6 Export Composition of Taiwan, China, by Technology Class -- 4.7 Product Space of Japan, 1987 -- 4.8 Product Space of Japan, 2006 -- 4.9 Product Space of the Republic of Korea, 1987 -- 4.10 Product Space of the Republic of Korea, 2006 -- 4.11 Product Space of Taiwan, China, 1995 -- 4.12 Product Space of Taiwan, China, 2006 -- 4.13 Share of Exports Destined for China -- 4.14 Product Space of Singapore, 1987 -- 4.15 Product Space of Singapore, 2006 -- 4.16 Manufacturing, Value Added -- 4.17 Industrial Composition by Type of Manufactures of Indonesia: 1981, 1990, and 2003.

4.18 Industrial Composition by Type of Manufactures of Malaysia: 1981, 1990, and 2002 -- 4.19 Industrial Composition by Type of Manufactures of the Philippines: 1981, 1990, and 1997 -- 4.20 Industrial Composition by Type of Manufactures of Thailand: 1981, 1990, and 1994 -- 4.21 Product Space of Indonesia, 1987 -- 4.22 Product Space of Indonesia, 2006 -- 4.23 Product Space of Malaysia, 1987 -- 4.24 Product Space of Malaysia, 2006 -- 4.25 Product Space of the Philippines, 1987 -- 4.26 Product Space of the Philippines, 2006 -- 4.27 Product Space of Thailand, 1987 -- 4.28 Product Space of Thailand, 2006 -- 4.29 Share of Manufactured Exports of Southeast Asian Countries Destined for the United States, EU15, and China -- 4.30 Composition of Exports from Southeast Asia to India, 1987 and 2006 -- 4.31 Composition of India's Exports to Southeast Asian Countries, 1987 and 2006 -- 4.32 Share of Overlapping Trade Values between Southeast Asian Countries and India -- 4.33 Share of Overlapping Trade Values between Southeast Asian Countries and China -- 4.34 Share of Overlapping Trade Values between Southeast Asian Countries and India by Technology Class -- 4.35 Share of Overlapping Trade Values between Southeast Asian Countries and China by Technology Class -- 4.36 GDP Growth -- 4.37 Manufacturing, Value Added -- 4.38 Industrial Composition by Type of Manufactures of Pakistan: 1981, 1990, and 1996 -- 4.39 Industrial Composition by Type of Manufactures of Bangladesh: 1981, 1990, and 1998 -- 4.40 Industrial Composition by Type of Manufactures of Sri Lanka: 1981, 1990, and 2001 -- 4.41 Industrial Composition by Type of Manufactures of Vietnam: 2000, 2003 -- 4.42 Dependence on U.S and EU Markets -- 4.43 Exports to China from Bangladesh, Sri Lanka, Pakistan, and Vietnam -- 4.44 Exports to India from Bangladesh, Sri Lanka, Pakistan, and Vietnam.

4.45 China's Share of Imports in Bangladesh, Sri Lanka, Pakistan, and Vietnam -- 4.46 India's Share of Imports in Bangladesh, Sri Lanka, Pakistan, and Vietnam -- 4.47 Product Space of Bangladesh, 1987 -- 4.48 Product Space of Bangladesh, 2006 -- 4.49 Product Space of Pakistan, 1987 -- 4.50 Product Space of Pakistan, 2006 -- 4.51 Product Space of Vietnam, 2006 -- 6.1 Global Commodity Prices -- 6.2 Foreign Direct Investment, Net Inflows -- 6.3 Foreign Direct Investment, Net Inflows, Excluding China -- Tables -- 1.1 Shares of World GDP, 1820-2030 -- 1.2 GDP Growth -- 1.3 Trade -- 1.4 Manufacturing Value Added -- 1.5 Global Share of Exports of Goods and Services -- 1.6 Per Capita Income in 1950 -- 1.7 Expansion Multiples of GDP, 1950-99 -- 2.1 Composition of GDP (Supply Side), China -- 2.2 Industrial Composition of China, 2007 -- 2.3 Average Shares of Contribution to Growth, China -- 2.4 Sources of Growth: China, India, and East Asia, 1978-2004 -- 2.5 Sources of Growth by Major Sector, 1978-2004 -- 2.6 Value Added and Employment by Industry as Share of Total -- 2.7 Sectoral Growth in Output per Worker, 1978-2004 -- 2.8 Exports of Goods and Services -- 2.9 China Export Composition by Technology Class -- 2.10 Export Composition by Technology Class, 2006 -- 2.11 Global Rank and Share of Exports by China and India, 2006 -- 2.12 Industry's Contribution to GDP Growth in Four Chinese Cities -- 2.13 Gross School Enrollment, China -- 2.14 Gross Regional Product by Three Strata of Industry, China, 2008 -- 2.15 Share of Total Industrial Output Value by Type of Enterprise, China, 2008 -- 2.16 Industrial Output Growth: China, 1978-2008 -- 2.17 Sources of Economic Growth: Total Economy, India, 1960-2005 -- 2.18 Annual Growth in Exports: China and India, 1995-2004 -- 2.19 Global Share of Exports of Goods and Services.

3.1 Intraregional Trade in East and South Asia, 1980-2006.