Contact Us
Sign In / Sign Up for FREE
Go to advanced search...
Nobody downloaded yet

The Economic Impact of the Emergence of China and India - Assignment Example

Comments (0) Cite this document
The paper 'The Economic Impact of the Emergence of China and India' presents the Automobile Industry today which is becoming increasingly competitive, with the shift in global economies, the continuously rising fuel prices leading to a simultaneous rise in consumer preferences…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
The Economic Impact of the Emergence of China and India
Read TextPreview

Extract of sample "The Economic Impact of the Emergence of China and India"

Download file to see previous pages The main macroeconomic variable that toys in the global economy’s shift are the emergence of India and China as new superpowers. This emergence certainly has a number of implications, but among the most relevant are: disruption of the equilibrium of the global economy which results in rising demand of goods, giving way to worldwide inflation; the attractiveness of outsourcing to these countries due to low cost but high talent workforce of these countries for cheaper operations.
The growing middle class of China and India results in booming demand for the automobile industry. This increase in demand, with the increasing purchasing power of these countries’ people, is not limited to automobiles but more apparent in the commodities. This rapid rise in demand for commodities pushes the prices of oil and food to skyrocket across the world, leading to worldwide inflation.
Of course, once this inflation sets in, the ripple effect on the global economy is evident in most industries. This rapid inflation can influence the prices of inputs and materials that are part of Toyota’s operations—the supply side of the automobile industry.
The effects of this inflation do not stop in the supply side of the automobile industry which could significantly impact a firm’s cost structure. With the rising fuel prices, demand for automobiles is threatened too, as fuel is a complementary product of automobiles. At least in order to address the threat in the demand, Toyota put on the initiative to create a hybrid car that has saved its operations from this.
The other economic impact of the emergence of China and India is its low-cost labor strategy that makes outsourcing to these countries attractive to automobile manufacturers. This can give a company the cost advantage it needs by availing a highly talented but lower-cost workforce that leads to a more effective and efficient operation. The attractiveness of this should be incorporated into the company’s long-term macroeconomic forecasts in order to utilize the cost advantage that it can bring to operations. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(The Economic Impact of the Emergence of China and India Assignment, n.d.)
The Economic Impact of the Emergence of China and India Assignment.
(The Economic Impact of the Emergence of China and India Assignment)
The Economic Impact of the Emergence of China and India Assignment.
“The Economic Impact of the Emergence of China and India Assignment”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Economic Impact of the Emergence of China and India

India and China traditions

.... Marriages are formed for life time and divorce rates are very low. Namaskar with folded hands is their way of greeting the people. Democratic setup in India is very strong unlike China where elections are still a far cry in the communist regime. The reason of democratic setup lies in their age old traditions of free movement and freedom to speech ever since the period of Buddha and Mahavir. Many public institutions and legal network have been functioning as per the British legacy. Dating back to the beginning of this millennium, the basic tenets of economics called Arthashastra were propounded by the Kautilya also called Chanakya who was the minister in the kingdom of Chandragupta Maurya. The scope of Arthshastra was far wider and offered...
3 Pages(750 words)Essay

China vs India

... nations such as Brazil, India, Europe, and South Africa. Leaders of U.S should consider that China could possibly overtake its existing modern security strategy and high economic stability; it’s better for them to continue upgrade and maintain good relations with China and other nations. Bibliography Pant, Harsh V. “Indian Foreign and Security Policy: Beyond Nuclear Weapons.” The Brown Journal of World Affairs xv no. ii (2009): 226. vid=19&hid=119&sid=3269dc58-c548-4fbf-972e-ae4f7933ae55%40sessionmgr1 2. De Castro, Renato Cruz. “The US-Philippine Alliance: An Evolving Hedge Against an Emerging China Challenge.” Contemporary Southeast Asia 31 no. 3 (2009): 1-2, http...
2 Pages(500 words)Essay

China Versus India Economic Growth

In terms of per capita GDP, India is way behind China with only $1124 compared to China’s $7518. (Runckel, 2002) China has a remarkably well developed infrastructural system. A number of prime factors that have developed a vast difference between the two countries’ economies, this include; labor development, manpower, water management, communication, healthcare services and facilities and also civic amenities (Zeng & Bigsten, 2006). All these key aspects become clearly defined in China, a nation that has placed positive impacts in the country's economy turning it to a leading in the world (Runckel, 2002). Although India has in the recent times grown and developed tremendously, it still faces problems such as unemployment, poverty...
4 Pages(1000 words)Research Paper

India and China

... Female Roles in India and China Gender roles vary from nation to nation and time to time, in certain regions, women are expected to be subordinates to men, obedient to their families, while in certain regions such as America, they are expected to be individualistic. Females in India perform three main gender roles; they are expected to be daughters, wives and daughters in law and while functioning in these roles they are expected to behave in a different manner. In the ancient Chinese era, women were expected to be inferior to males and continue to operate as mothers, daughters and wives. As mothers, they used to take care of their homes and their children and ensure that their daughters end up marring a rich person. In India, a female...
3 Pages(750 words)Essay

Economic development of India and China

In the case of China, there is consensus that, in the past three decades, the country’s leadership adopted policies aimed at accumulation of wealth for rapid industrialisation and export of industrial goods (Zhijun and Jing, 2011). Prior to 1979, the country’s national planning was a catastrophe. This led to poor showing on economic scales. In India’s case, poor economic performance in the 1960s throughout 1970s has been associated with several issues including poor policies, and license-permits (Kshetri, 2011). Yet India’s poor infrastructure and lack of demand also contributed to the country’s industrial growth. The two countries adopted policies aimed at addressing their challenges, which have effectively turned around their e...
7 Pages(1750 words)Essay

India and Economic liberalization

...India & Economic liberalization By the end of 20th century, the world had realized that the next century is going to be an Asian century on economicground. The reason behind this view was neither Japan nor the South East Asian tigers comprising ASEAN; it's the world's two most populated nations namely China and India. Many economists called this advent of the two nations as the arrival of Chindia. The China has now become the factory of the world while India is a service sector giant while leading in the sectors like software development and BPO industry (Perkovich, 2003). Though both have now become a very successful case of FDI channeled development model but the structure of economy of these two nations are at the two ends of any...
8 Pages(2000 words)Assignment

The impact of the emergence of China and India on the world economy

...The potential impact of China and India on the global economy The member countries of Organization for Economic Cooperation and Development have successfully controlled the global economy for more than 100 years. The emerging markets, China and India in particularly are challenging this status quo. Economic analytics predict that China and India will at some stage of 21st century dominate the global economy and overtake such economic leaders as United States (India by roughly 2050 and China between 2030-2040). It may sound not believable, but the serious threat does exist. India is already on the verge of overtaking Japan in becoming the third largest economy in the world while China occupies second place. Even though India...
8 Pages(2000 words)Essay

Economic Impact of Imperialism in India

...Economic Impact of Imperialism in India After the fall of the Roman Empire, the Portuguese, the first Europeans, led by Vasco da Gama landed at Calicut in the year. The Portuguese held India under their spell till the nineteenth century that is 1961. This essay examines the economical impact which Imperialism had in India during the 19th century. Introduction: All through history, many nations have enforced imperialism to implement their force over other nations for money, protection and civilization. India was no exception. Since it's unearthing, Europeans were attempting to get a piece of India's action. England was the major nation for establishing its rule in India. Since India came under imperialism, many things altered, some...
6 Pages(1500 words)Essay

Economic Analysis-India

... of potential customers in India. International Relations and Foreign Trade Owing to the government of India’s adoption of a market based economic system, trade in almost all sectors of the economy has continued to grow with foreign trade and investment being encouraged. The country’s rich culture further makes the country a favorite destination for tourists and visitors who eventually become consumers of products sold within the country. The government of India has forged strategic trade relationships with numerous partners including the United Kingdom, Germany, Australia, China United States, and Singapore. With a stable economy and high GDP growth rate, the country is preferred over several other countries as a strategic partner...
4 Pages(1000 words)Essay

Economic Development Policy: China and India

Countries with such a large collective workforce have the potential of greatly impacting the world economic balance. In order to compare the economic success of a country, a historical long-term background must be established to be able to visualize economic trends over time. In terms of GDP per capita at the turn of 19th century India held a good advantage over China in this economic metric which is a good indicator of the size of a countries economic activity. Toward the 1950s the gap had widened and India acquired an advantage of over 40% in total GDP over China. In 1950 India transformed its governmental structure into a democratic political system. China at the time was a communist nation and has continued to be one as of tod...
6 Pages(1500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic The Economic Impact of the Emergence of China and India for FREE!

Contact Us