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China and India in the New Global Economy: Will Those Rising Countries Still Rise - Research Paper Example

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The paper deals with the developments of the countries, such as China and India, in the global society. There is an interesting question about whether there is a limit for the growth and development of these countries…
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China and India in the New Global Economy: Will Those Rising Countries Still Rise
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China and India in the New Global Economy: Will Those Rising Countries Still Rise

Download file to see previous pages... The paper deals with the developments of the countries, such as China and India, in the global society. There is an interesting question about whether there is a limit for the growth and development of these countries. On the basis of modern researches and studies, environmental, social, political and economic implications are considered further on. Key words: globalization, development at different levels, international arena, global players, implications of global growth. Introduction Currently, China and Asia are positioned as the most prominent leaders in the international arena. The role of America internationally is gradually decreasing and these two countries are positioned as the strongest rivals, players of the global economy and the modern political scene. There is a need for these two countries to find a perfect balance between them. China and India are developing at an incredible pace. At the same time, environmental hazards are growing simultaneously with the growth of these two countries. This large Asia-Pacific region is a strong competitor and it should be mentioned that this process is not unlimited. Everything in the lives is finite and there is an ending point for every process in the world. The global negative impacts of the fast development of these two countries is inevitable and the modern countries of the world’s society are much focused on potential measures taking against intimidating incredible growth of these two countries in the world. ...
China is an open territory for the modern professionals and skilled workers and an open field for education. Therefore, on the one hand, this country provides a perfect field for competitiveness and education, but very often the price is too high. There is a need to mention that the policy of this country is a well-balanced and developed with an open mind of its developers. For example, modernization of Shanghai by the numerous modern skyscrapers is a too expensive policy and it requires the abundance of materials for building. Moreover, the infrastructure of the country requires constant improvements in order to attract more and more tourists. India India is another player internationally and a constant performer of the global power. There is a perfect correlation between the progress of India and China in the world: “China is the ?workshop of the world, then India has become the laboratory of the world” (India, China new global powers, 2010). India is known as a perfect competitor in the field of services. Currently, information and technologies and the sphere of services are the main interests of India. This country is often referred to as a potential global leader. GDP increases per 8% every year. It is possible to claim that economic development of the country depends on the improvement and innovations in the field of information technology and services. This country is also known for the development of the pharmaceutical sphere. There is a need to introduce numerous improvements in the field of laboratory experiments in order to preserve safety of natural resources in the country. The spheres of textile manufacturing and auto parts production are also developing at a full ...Download file to see next pagesRead More
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