A transition to a policy of economic liberalization in the 1990s has seen the Indian economy increase its economic growth rate from approximately 3% to 8%, led by service industries, including the IT industry. As predicted by Goldman Sachs in their report on the "BRICs" (Brazil, Russia, India and China), the rise of the Indian economy is having a rapidly increasing impact on East Asia and the world. It is a pressing issue for Japan to establish strategic economic cooperation with India to provide a counterweight against the rising Chinese economy.
Against this background, this research project attempted to consider how long high economic growth could potentially continue in China and India, and how high economic growth in these nations would affect East Asia and the world from the economic, psychological and cultural perspectives. In the course of the research, Visiting Researchers Shinyasu Hoshino and Yoh Nakanishi conducted two field surveys. The project examined in particular whether India and China are experiencing a sudden economic takeoff that compares with Japan's period of high economic growth, in addition to engaging in theoretical considerations that compared India and China from broad economic, social and cultural perspectives, concerning the types of psychological reactions that might be generated in their societies by the achievement and incorporation of high economic growth, and whether this economic growth will require them to change.
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