China, India and the International Economic Order.

AuthorSwaminathan, Sri
PositionBook review

CHINA, INDIA AND THE INTERNATIONAL ECONOMIC ORDER

Muthucumaraswamy Sornarajah and Jiangyu Wang, eds.

(United States: Cambridge University Press, 2010), 643 pages.

This collection comprises papers originally presented at a 2006 conference held at the National University of Singapore dealing with China-India economic relations. The book contends that although China and India have different approaches to several economic issues, they have a common interest in ensuring that the international economic order reserves sufficient policy space for them to implement their preferred way forward, maintain a multilateral rules-based trading regime and promote Asian economic integration. From this, the editors are cautiously optimistic that China-India economic relations will be characterized by cooperation rather than rivalry.

The strongest chapters of the book deal with China's and India's participation in the WTO and their role in shaping the future of Asian regionalism. The WTO analysis demonstrates that China and India have cooperated in resisting Western pressure to incorporate investment liberalization disciplines into WTO instruments. At the same time, their active participation in WTO dispute resolution mechanisms has confirmed each country's ongoing commitment to settling disputes within the multilateral...

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