International Business under Adversity A Role in Corporate Responsibility, Conflict Prevention and Peace
A Role in Corporate Responsibility, Conflict Prevention and Peace
Edited by Gabriele G.S. Suder
Chapter 7: Adversarial Allies: The Evolving China–India Nexus
7. Adversarial allies: the evolving China–India nexus Nikhilesh Dholakia 7.1 THE ASIAN GIANTS: WARY NEIGHBOURS, OBLIQUE COMPETITORS, RETICENT PARTNERS In global economic overviews, China and India get increasingly mentioned in the same breath. They are seen as rising economic powers as well as rivals. Spurred by rapid economic growth, these two most populous nations in the world are becoming two of the most prominent economic players on the global scene. On a Purchasing Power Parity (PPP) basis, China is already the second largest and India the fourth largest economy in the world. Even in nominal dollars, by mid-century China and India are projected to surpass all others and become two of the largest economies in the world. Similarities of techno-economic strategies and trajectories of rival nations often mask subsurface simmering tensions that could ﬂare into open conﬂict or transform into protracted, hostile Cold War stances. Drawing on earlier historical conﬂicts and tensions of the 20th century, Lal (2006) makes the following observations about China and India in the 21st century (p. 1): Countries often follow similar policies to attain competitive economic or military capabilities. In the period leading up to the First World War, Britain and Germany each constructed dreadnoughts. During the Cold War, the Soviet Union and the United States each built massive arsenals of nuclear tipped ballistic missiles . . . China and India have deﬁned economic reform and defence modernization as policies for planning their national interests . . . Despite [facing] . . . similar threats . . . and the similarities of capabilities...
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