China and India are home to one-third of the world's population. And they're undergoing social and economic revolutions that are capturing the best minds--and money--of Western business. In Billions of Entrepreneurs, Tarun Khanna examines the entrepreneurial forces driving China's and India's trajectories of development. He shows where these trajectories overlap and complement one another--and where they diverge and compete. He also reveals how Western companies can participate in this development. Through intriguing comparisons, the author probes important differences between China and India in areas such as information and transparency, the roles of capital markets and talent, public and private property rights, social constraints on market forces, attitudes toward expatriates abroad and foreigners at home, entrepreneurial and corporate opportunities, and the importance of urban and rural communities. He explains how these differences will influence China's and India's future development, what the two countries can learn from each other, and how they will ultimately reshape business, politics, and society in the world around them.Engaging and incisive, this book is a critical resource for anyone working in China or India or planning to do business in these two countries. The Financial Times . . . earnest and entertaining . . .
Reimagining China and India 1FoundationsStatecraft: The Art, Science, and Illusion of Governing 2.4 Billion People 31Bias and Noise: Information Accessibility in China and India 53Fiat and Fairness: Why China Can Build Cities Overnight and India Cannot 69Manna and Miasma: Meanderings Through the Chinese and Indian Financial Firmaments 91EnterpriseInfosys and TCL: Unshackling Indigenous Enterprise 121Microsoft and Metro: Views from the World's Corner Offices 141Diaspora Dividends: Paragons and Pariahs from the Overseas Chinese and Indians 167Village Engineering and Reengineering: In Search of Rural Fortunes 189Barefoot Doctors and Medical Tourists: Futile Attempts to Confront the Grim Reaper 213FutureOld and New Roads to Mandalay: Hard Power in Burma and Beyond 237Film Stars and Gurus: Soft Power in Bollywood and Beyond 257Buddha and Software: Old Links and New 277Corporate Bridges: Linking China, India, and the West 295Notes 313Acknowledgments 335Index 339About the Author 353