This comparison is not restricted to Mumbai and Shanghai but also to Bangalore and Hangzhou, Delhi and Beifing and so on. The Chinese and lndian economies are expected to be the growth engines of the global economy. i...This comparison is not restricted to Mumbai and Shanghai but also to Bangalore and Hangzhou, Delhi and Beifing and so on. The Chinese and lndian economies are expected to be the growth engines of the global economy. important role, through their transformation In this process cities are expected to play an into ＂World Class ＂ cities, a term now doing rounds in the policy circles in Mumbai. to be achieved through massive infrastructure investments made in them. In China, this has been possible because of the decentralized administrative and fiscal system in China. In contrast, in India, the system of urban infrastructure is currently evolving and making a transition from a centralized to a decentralized system. This paper： （i） compares the Chinese and Indian-financial systems to explain differences in the quantum of funds available in cities in both countries; （ii） looks at urban responsibility allocations in terms of institutions; and （iii） compares capital investments made by one city each in the two countries, in Beijing （China） and in Mumbai （India）.展开更多
基金This paper is the outcome of research as an AsianScholarship Foundation Fellow in 2004, at Tsinghua University, Beijing.
文摘This comparison is not restricted to Mumbai and Shanghai but also to Bangalore and Hangzhou, Delhi and Beifing and so on. The Chinese and lndian economies are expected to be the growth engines of the global economy. important role, through their transformation In this process cities are expected to play an into ＂World Class ＂ cities, a term now doing rounds in the policy circles in Mumbai. to be achieved through massive infrastructure investments made in them. In China, this has been possible because of the decentralized administrative and fiscal system in China. In contrast, in India, the system of urban infrastructure is currently evolving and making a transition from a centralized to a decentralized system. This paper： （i） compares the Chinese and Indian-financial systems to explain differences in the quantum of funds available in cities in both countries; （ii） looks at urban responsibility allocations in terms of institutions; and （iii） compares capital investments made by one city each in the two countries, in Beijing （China） and in Mumbai （India）.
