Tarun Khanna, Professor at Harvard Business School, summarizes insights from one of his books by comparing private and public rights in India and China. Khanna argues that in India, private rights are favored over the public interest whereas in China the opposite is true. These tradeoffs affect the nature of doing business in each country and development. Elsewhere in his presentation, Khanna also suggests that India and China differ in that India has weak hard infrastructure (roads, etc.) but strong soft infrastructure (human assets, etc.) whereas in China the opposite is true, a duality that is clearly related to the public and private rights distinction discussed in this video segment.
May 3, 2007