Question

Many a times we read in newspapers about “China Model of Development” , however we in India follow a different path. Consider the following options A to E and bring out the one which is followed in India and not in China?
(A)Manufacturing-led economy financed mainly by portfolio and foreign direct investment
(B)Centralized system of Governance and fewer checks and balances in place.
(C)Pursuit of capitalism with a communist political system
(D)An exchange rate policy designed to promote competitiveness
(E)Reluctant liberalization with mainly domestic sources of funding

Answer 1

Beijing Consensus is or is not and how it does or does not stand as a ... but they are also archetypes for many other economies' (Gilpin, 2001: 149). ... that we see the contentious range of opinion and disagreement about what .... China and the Washington Consensus have played out in discussions.