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Capital Markets: Taking Issue - Debate And Reminiscence At The Banker's Birthday Bash;...

By CAPLEN, BRIAN
Publication: The Banker
Date: Wednesday, March 1 2006

Byline: BRIAN CAPLEN

One of the great debates of economics is whether China or India will be the leading emerging market powerhouse of the next decade. China has first-mover advantage but is its model running into problems?

Avinash Persaud, chairman of Intelligence Capital, which specialises in financial market liquidity, believes India is better placed for the next phase of development.

"The Chinese model was the right model for taking China out of poverty and much more successful than the Indian model, but we have entered a different phase of ec

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