ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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China after Deng

for the success of economic transition on the country concerned rather than on external factors or agencies.
The arguments of the IMF chief are not entirely convincing. For instance, intercountry comparisons, say between Russia and Albania, have many limitations. In the case of Russia, radical economic reforms under shock therapy were introduced in early 1992 when Russia was experiencing unprecedented political strain as a result of the break-up of the former Soviet Union, This was not the case with Albania or Poland. Secondly, the problems facing Russia in the task of politico-economic transition are far more complex and formidable considering the size of the country and the diverse ethnic, social and ideological groups working at cross-purposes. Third, the economies of Poland and the Czech republic are much more developed and per capita income in THE recent improvement in India-China relations is a welcome development. But to romanticise it, as in the 50s, is dangerous. It is important to remember that nothing substantive has been achieved on the border question and that the strategic perspectives of the two continue to diverge.

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