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The authors ask the question whether the impressive economic growth and development of China and India constitute a unique model of modern economic development, in light of new models associated with the rise and flourishing of the modern economy in Europe, North America and East Asia. They place China and India in the context of the global rise and expansion of the modern economy and bring together competing models and frameworks on these two similar, yet contrasting, development experiences. The book argues that 'development models' can be descriptive, explanatory and prescriptive. In the cases of China and India, there is a clear pattern of historical emergence of the new economic system in the two countries. Beyond that, in either the explanatory or prescriptive sense, evidence from the two experiences are not consistent to support popular development models, formulated largely out of the earlier development experiences; nor are they strong enough to call for (a) new development model(s).