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This article analyzes the effects of China and India on manufactured exports of the G7 economies. The following three findings stand out. First, the rivalry effect of China is robustly significant in all investigated markets, including the world and the G7 countries collectively and individually, while the rivalry effect of India is significant in the French, Italian, Japanese, and world markets but insignificant in other markets. Second, the rivalry effect of China in the world market is substantial in 13 of 22 manufacturing industries, and most pronounced for textiles, telecom equipment, fabricated metal products, computing machinery, and furniture, while this effect of India is significant only in one industry (basic metals). Third, Germany is the only G7 economy that appears not to be affected by China's rivalry effect. Germany has also been more successful than other G7 economies in penetrating the Chinese market. (JEL O4, F1)

African countries are facing great opportunities but also formidable challenges in accelerating economic growth and sustaining a high level of economic performance. The experiences of East Asian countries may offer valuable insights for African leaders and governments in making concerted efforts to formulate and implement effective industrial policy for dynamic structural transformation and inclusive growth. To this end, this paper presents useful lessons from selected East Asian countries, organized into five strategic dimensions in an 'ASIAN Framework': (i) Aspiration; (ii) Strategy; (iii) Implementation; (iv) Acquisition of knowledge; and (v) Nurture of human capital formation.