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…
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
This research is being carried out to evaluate and present various challenges that have faced and are likely to face India and China in their objective to be developed countries. These include sectorial imbalances evidenced by higher contributions of its services sector to its GDP compared to its manufacturing sector.
There is an apparent decrease of food supply leaving over 1 billion people hungry. Jiang stated that the International Fund for Agriculture Development projected that the food supply will need to increase by 60% to sustain mankind
Economic reforms came into being in the year 1979, since then if we see, we get that the rise of GDP for China was 9.7% annually. Economic size of China since then has increased over eleven times the per capita growth of the GDP was over eight fold. The world ranking of China in trade rose from 27th to 3rd.
But definition alone cannot be proof enough of the virility that it has cast on common man’s lives on a global basis. What had started with mere disputes in demand- supply equilibrium in the real estate market has turned out to be the biggest evil, spreading its grasps on almost everything that it has touched.
Ever since its emergence as a Communist power in 1949, China has sought to challenge existing global and regional balance of power, notwithstanding the Confucianist philosophy of harmony over confrontation. Over the last 50 years, it has not hesitated to use force, or threaten to use force, as evidenced by conflicts with Russia, India and Vietnam, and its aggressive stand over Taiwan, the South China Sea and other disputed island territories.
Although borrowing has increased significantly, there has not been an equivalent economic development in these countries. Questions have been raised about the cause and effect of these borrowings. The enormous amount of debt that has
The fragile economic recovery following the Great Recession of 2008 is in jeopardy, much of it depends on consumer confidence which is quickly falling as gas prices rise. President Obama concluded a multi-city energy tour
By this virtue, China has trillions of dollars it has invested throughout the world. This is as far as China’s importance to the world is concerned. As far as China’s importance to the United States goes, China has bought a lot of
Economic inequality can also have direct implication of equity of outcome, the normal equity notion and the opportunity equality.
There are different opinions on the effects and importance of global economic inequality. Some studies reveal
ership of Fidel Castro, the US saw this as the growth of Communism in the Northern hemisphere, especially very close to its borders, and imposed an embargo on exports to Cuba. At present, there are six statutes dealing with the embargo; the Trading with the Enemy Act of 1917,
15 Pages(3750 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic China and India in the New Global Economy: Will Those Rising Countries Still Rise for FREE!