15.225 | Spring 2008 | Graduate
Economy and Business in Modern China and India


HBS = Harvard Business School Case. Boston, MA: Harvard Business School Publishing.

Part I: An overview
1 Introduction to the course Engardio, Peter. “A New World Economy.” Businessweek, August 22, 2005.
2 The macro perspective: China and India

Vietor, Richard, and Emily Thompson. “India on the Move.” HBS Case: 9-703-050, March 10, 2008.

Oi, Jean, Chris Bebenek, and Debora Spar. “China: Building ‘Capitalism with Socialist Characteristics.’” HBS Case: 9-706-041, October 16, 2006.

3 Financing environment

Anand, Bharat, Nitin Nohria, and John Pegg. “ICICI (A).” HBS Case: 9-701-064, March 31, 2003.

McFarlan, F. Warren, Li Jin, and Tracy Yuen Manty. “China’s Financial Markets: 2006.” HBS Case: 9-307-058, October 29, 3006.

4 Business environment

“Infosys in India: Building a Software Giant in a Corrupt Environment.” HBS Case: 9-707-030, January 23, 2007.

Farhoomand, Ali, and Claudia Woo. “Business Corruption in China.” Hong Kong University Case. Hong Kong, China: Hong Kong University Publishing. Case: 581, June 22, 2006.

Part II: Entrepreneurial dynamics
5 Legend (Lenovo)

Lu, Qiwen. “The Legend Computer Group Company.” Chapter 3 in China’s Leap into the Information Age. New York, NY: Oxford University Press, 2000. ISBN: 9780198295372.

Rukstad, Michael, et al. “A Technology Legend in China.” HBS Case: 9-701-052, April 5, 2001. (Consult the exhibits of this case. No need to read the case.)

6 Infosys

Nanda, Ashish, and Thomas J. DeLong. “Infosys Technologies.” HBS Case: 9-801-445, May 9, 2001.

Kuemmerle, Walter, and William Coughlin. “Infosys: Financing an Indian Software Start-up.” HBS Case: 9-800-103, April 5, 2000.

7 Venture capital and private equity

Khanna, Tarun, Krishna Palepu, and Richard Bullock. “Blue River Capital.” HBS Case: 9-708-448, October 4, 2007.

Glynn, John, Peter Ziebelman, and Bethany Coates. “StartUp Capital Ventures.” Stanford Business School Case. Stanford, CA: Stanford University Publishing. Case: E-247, February 2, 2007.

8 Diaspora in China and India

Huang, Yasheng, and Jean Yang. “SOHO China.” HBS Case: 9-703-011, March 24, 2003.

Khanna, Tarun, and Paula Campbell. “Diasporas: Causes and Effects.” HBS Case: 9-703-510, April 22, 2003.

Part III: Foreign direct investment (FDI) controversies
9 FDI opening

Huang, Yasheng. “FDI in China.” HBS Case: 9-701-061, March 14, 2001.

Wells, Louis, Jr. “Enron Development Corp.: The Dabhol Power Project in Maharashtra, India (A) and (B) (Abridged).” HBS Case: 9-797-085, 9-797-086, February 4, 1997. (Skim part B.)

10 Intellectual property rights (IPR) and pharmaceutical industry in India

Huang, Yasheng, and Harold Hogan Jr. “India’s Intellectual Property Rights Regime and the Pharmaceutical Industry.” HBS Case: 9-702-039, March 25, 2002.

von Krogh, Georg, and Stefan Haefliger. “Nurturing Respect for IP in China.” Harvard Business School Review 84, no. 4 (2007): 23-24.

11 Multinational corporations (MNCs) and local competition

Huang, Yasheng, and Eric Thun. “Shanghai Volkswagen.” HBS Case: 9-700-001, July 8, 1999.

Tao, Zhigang, and Emily Ho. “Shanghai General Motors: The Rise of a Late-Comer.” Hong Kong University Case. Hong Kong, China: Hong Kong University Publishing. Case: 395, April 27, 2005. (Skim only.)

12 Bottom of the pyramid dynamics in India

Rangan, V. Kasturi, and Rohithari Rajan. “Unilever in India: Hindustan Lever’s Project Shakti — Marketing FMCG to the Rural Consumer.” HBS Case: 9-505-056, June 27, 2007.

Rangan, V. Kasturi. “The Aravind Eye Hospital, Madurai, India: In Service for Sight.” HBS Case: 9-593-098, April 1, 1993.

Prahalad, C. K., and Allen Hammond. “Serving the World’s Poor, Profitably.” Harvard Business Review, September 2002, 48-58.

13 Debating development models

Sen, Amartya. Development as Freedom. New York, NY: Anchor Books, 1999. ISBN: 9780385720274. (Read the introductory chapter and chapters 6 and 7.)

Huang, Yasheng, and Tarun Khanna. “Can India Overtake China?” Foreign Policy, July 2003, 74-81.

Course Info
As Taught In
Spring 2008
Learning Resource Types
notes Lecture Notes
assignment Written Assignments