The main point is about to explain that China and India economic growth are likely to fall sharply, as Lant Pritchett and Larry Summer stated that China and India have been growing super-rapid and has already lasted three times longer than the general episode. This was observed with regard to Japan in 1960s, and it is seen today with regard to China and India. Moreover, the paper point out that to evaluate the growth prospects of an economy is not to look at its past but rather as economies in similar situations. Summers argue that the rapid economic growth in India and China will only remain in a short time period, and often end up falling back to the average growth rate of the global level.
Summer and Pritchett indicated that China would
Summer and Pritchett indicated that China would