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Following decades of relative isolation, China and India have become the world's largest new traders. In this paper, we focus on their Preferential Trade Agreements (PTAs). While the two economies initially followed similar paths, with a growing number of PTAs signed in the first decade of the 21st Century, since 2011 India has taken a U-turn and stopped completing them. China, on the other hand, has widened and deepened its trade agreements. We present a novel theoretical framework to analyze international economic negotiations by emerging economies and use it to study the puzzling divergence of the trade policies of China and India. By adapting the two-level game framework to emerging economies, we argue that there are key differences in the political economies of countries like China and India (compared to Western industrialized ones), which requires a more specific focus on the domestic side of the two-level game. We show that accounting for non-legislative domestic ratification processes and for iterative games and experiential learning by domestic actors are crucial in understanding the trade strategies of emerging economies. While much of the literature explains large emerging economies by looking at external systemic factors, we instead suggest that their domestic politics trumps international politics. [ABSTRACT FROM AUTHOR]

Stem cell science is a volatile political arena. Propelled by the scientific and economic promise of important new health technologies, stem cell science has produced politicisation across the international, regional and national policy domains. Concerned lest they should lose an important opportunity, the emerging economies of China and India are introducing policies designed to improve their global competitive position in this field. Given that their science, tax regimes, regulation, supporting industries and financial markets are at a different stage of evolution to that of the developed economies, China and India bring their own unique characteristics to the fluid politics of stem cell globalisation. This paper analyses their approaches to innovation in stem cell science and their distinctive contribution to the dynamics of the global political competition. [ABSTRACT FROM AUTHOR]