Dimaranan, BetinaIanchovichina, ElenaMartin, Will2012-03-302012-03-302009Review of World Economics/Weltwirtschaftliches Archiv16102878https://hdl.handle.net/10986/5653China and India are rapidly growing, labor-abundant economies with very different export mixes. China is more integrated into global production sharing for manufactures, while services exports are more important for India. Even assuming India integrates more comprehensively into global production chains, there will be opportunities for rapid growth in both countries. Improvement in the range and quality of their exports can create substantial welfare benefits for the world, and for China and India, and can offset the terms-of-trade losses otherwise associated with rapid export growth. Most countries will need to respond to increased competition in some sectors, and to greater opportunities in others.ENCountry and Industry Studies of Trade F140Macroeconomic Analyses of Economic Development O110International Linkages to DevelopmentRole of International Organizations O190Measurement of Economic GrowthAggregate ProductivityCross-Country Output Convergence O470Socialist Systems and Transitional Economies: National Income, Product, and ExpenditureMoneyInflation P240Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330Journal ArticleWorld Bank