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Tarun Khanna
Tarun Khanna gave a new perspective to the topic by raising the fundamental question of whether we should really look at learning from one another.
He pointed out the basic differences between the two countries - political systems, banking sectors, areas of competence in 'hard' and 'soft' industries - caused the learning from one another to being very generic. The choices of growth made by both the nations, he opined, were natural reactions to the legacies that both the nations had. He compared the evolution of the Shanghai stock exchange and the National Stock Exchange - the Shanghai Stock Exchange for instance is perceived merely as a means for recapitalizing the state owned enterprises. The NSE in contrast has within 3 years of its formation overturned the incumbent (BSE) in terms of trading volumes, thereby creating the necessary soft infrastructure for allocating capital to entrepreneurs.
He said that we must of course encourage trade and co-operation among the two nations and use that to solve border disputes, however whether we can learn something from the basic growth models that both the nations use is worth thinking about.
Tarun Khanna, Jorge Paulo Lemann Professor of Business Administration, Harvard business School
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