The role of India and China is expanding in the global economy. A whole new array of economic and financial issues are emerging which need to be tackled if the current period of growth is to endure. The issues that need attention include how to expand the services sector, especially financial services; how to keep pace with the incredible growth of the manufacturing sector; how to ensure the widest possible diffusion of the huge economic gains seen over the last ten years and how to provide the framework for the development of two-fifths of the human race.

Economic Reforms in India and China: Emerging Issues and Challenges aims at providing the goals, strategies and policies to tackle these issues. It discusses the efforts to address issues like encouraging less successful sectors of the economy that have been complicated by forces of globalization and the ever-changing realities of today's global economy and appraises issues pertaining to economic reforms. The articles explore ways to improve the well-being of the poor, to design effective structures and institutions for poverty reduction and how the reforms, in their economic, political and social dimensions can be used to tackle global developmental issues.

Prospects of Ancient Medical Systems in India and China in Today's World

Prospects of ancient medical systems in India and China in today's world
ArijitaDutta

Introduction

India and China both are known to have rich biodiversity with numerous herbal plants, with the help of which both of them have developed age-old, time-tested Traditional Medical (TM) systems based on the use of these herbs. Indian Systems of Medicines (ISM) like Ayurveda, Siddha, Unani, etc., are quite famous like the various Traditional Chinese Medicine (TCM) systems. The advent of the colonial masters in these countries resulted in the gradual decay of these traditional systems and people started taking more interests in Western medical systems. In this situation China reacted first and developed several policies, including legal backgrounds to protect TCM ...

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