Abstract
While the new Asian balance of power is increasingly divided along Sino-Indian lines, nuclear parity shifts competition to the economic sphere. The question is whether this will be another GDP ‘race to the bottom,’ marked by an even greater spread between haves and have-nots, or will democracy give Indo-globalization a Senian (‘development as freedom’) advantage over Sino-globalization? To tap that advantage India will have to rediscover its Gandhian heritage of the common good. Its success or failure in this effort could profoundly impact the global outlook on whether democracy will count as an asset or liability in 21st century development.
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