This article talks about the relative growth rates in economic standards of living in China and India: http://www.bloomberg.com/news/articles/2007-03-05/indias-advantages-over-china.
Here is a punch line relevant to our discussion of Wealth of Nations:
"An economic litmus test is not whether a country can attract a lot of FDI but whether it has a business environment that nurtures entrepreneurship, supports healthy competition and is relatively free of heavy handed political intervention. In this regard, India has done a better job than China. From India emerged a group of world-class companies ranging from Infosys in software, Ranbaxy in pharmaceuticals, Bajaj Auto in automobile components and Mahindra in car assembly. This did not happen by accident."
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