The Rapid Economic Growth Trends Demonstrated By China,...

The rapid economic growth trends demonstrated by China and India are currently at the height of debate amongst world leaders and economists. According to â€Å"Dancing with Giants: China, India, and the Global Economy†, edited by L. Alan Winters and Shadid Yusuf (2007), these countries are very unique in that their economic patterns of growth continue to increase and sustain momentum over an extended period of time while dealing with growing populations. The fact that these countries have illustrated a sustained pattern of growth means that they are beginning to, or have already shifted the balance of power within the global community; however, many scientists believe that this trend has shown negative side effects within the social and political settings because inequalities within both regions continue to rise. In Dancing with Giants: China, India, and the Global Economy (2007) the author states that, â€Å"Chinese and Indian authorities face important challenges in keeping their investment climate favorable, their inequalities levels at intervals that do not undermine growth, and their air and water quality at acceptable levels† (8). In a discussion, I will deconstruct the effects of China and India’s economic growth on social inequalities. The effects that the economic growth trends and reforms in China have on the rising levels of social inequality have raised debates in the past and have resurfaced today. Some political scientists and economists argue that regionalShow MoreRelatedEffects Of China s Fiscal For The Australian Economy3915 Words   |  16 PagesEXTENDED ESSAY What are the effects of China’s recent economic slowdown in GDP for the Australian economy? Word Count â€Æ' ABSTRACT This essay looks to answer the question: What are the effects of China’s recent economic slowdown in GDP for the Australian economy? The intention is to look at China’s recent reduction in GDP rate of growth and find out if there are any significant negative implications for the Australian economy, and further investigate fears in the media that the slowdownRead MoreTurkey: The Second Largest External Supplier of Textiles and Clothing1933 Words   |  8 Pagesand apparel trade and production trends: the EU’ from the ‘Textile Outlook International’ article, focusing on Turkey as a country of interest when it comes to international trade. This will explore political, environmental and commercial forces apparent to Turkey’s success concluding with the outlook for the countries future. Introduction The value of EU clothing and textile exports to countries outside the EU has risen 13.3% from 2010 to 2011 which hints that global trade is increasing and expandingRead MoreIndia and China Comparative Economic Analysis5875 Words   |  24 PagesEconomic models of India and China: Looking back and looking ahead [5400 words] China and India are two of the world’s oldest civiliza ¬tions, each with the quality of resilience that has enabled it to survive and prosper through the ages and against the odds. Existing in close proximity to each other, the ancient civilizations of India and China surprisingly had little political and economic interac ¬tion for the past many centuries. Historically and culturally India never playedRead MoreExport Sophistication, Diversification And Product Space Evolution8487 Words   |  34 PagesAbstract By assessing the export sophistication, diversification and product space evolution, we discuss the reasons behind thirty years’ growth miracle of Chinese economy and causes of recent slowdown. Disaggregated export data dating back to 1985 is utilized to analyse the characteristics of China’s export basket especially its sophistication level and diversification degree. And China’s development path as constantly extending into production of new and more complex commodities is discussedRead MoreEssay on Londons Economy2305 Words   |  10 Pagesdissolution of empire has been critical to the growth of world cities. How far does this apply to London? Modern patterns of development and growth have been shaped and influenced by the historical context of colonialism. Within this context relationships between capitalist and pre-capitalist states or colonies helped forge a world economy, which would later lead to processes of globalisation and the current economic world order. Expansion in the world economy has been exacerbated by the freer flow Read Morecan india become a superpower Essay4304 Words   |  18 Pagesï » ¿CAN INDIA BECOME A SUPERPOWER Introduction: 1. The end of the Cold War and the era of â€Å"unipolar† US dominance that followed has led many to wonder about the future of international power. Who will rival, or perhaps even replace, the US? At least one†¦At least one obvious candidate has emerged. Although it would be premature to categorise China as a global superpower, it is quickly developing into the US’s most plausible challenger. But in discussions of globally important matters - SyriaRead MoreAnalysis Of The Poem A Planet Of Slums 2076 Words   |  9 Pagescentered around the world s dramatic population growth coupled with economic recessions resulting in cities made of dirt instead of dreams. These megaslums are literally taking the space of any rural areas left while also figuratively destroying the concept of the modern metropolis. Davis points out that in addition to merely running out of space for our ever growing Crude Birth Rate, the IMF and World Bank are to be blamed almost entirely for the economic state of these megaslums due to their insistanceRead MoreA Study On The Brazilian Performance2760 Words   |  12 Pages The topic of emerging economies has been hot over the past decade or so, most notably the emergence of the group of countries known as the BRICS nations (Brazil, Russia, India, China and South Africa). Growth rates in these economies far exceed that of more developed nations. In 2011-2013, BRICS economies posted average growth rates of 4.11% compared to 1.37% in developed economies (Lukov, 2010). By 2020 all BRICS should be in the top 10 largest economies in the world, and by 2050, they will beRead MoreEvolution of Human Resource Management7638 Words   |  31 PagesGUEST EDITORS’ INTRODUCTION GROWTH AND GLOBALIZATION: EVOLUTION OF HUMAN RESOURCE MANAGEMENT PRACTICES IN ASIA ARTHUR YEUNG, MALCOLM WARNER, AND CHRIS ROWLEY In this introductory note, we offer an overview of how human resource management in Asian countries and corporations is evolving in the face of rapid business growth and integration into the global economy and we describe how the articles in this Special Issue contribute to new knowledge and insights regarding key issues, challenges, and evolutionRead MoreThe Automotive Industry and Its Mitigation Strategies Essay1981 Words   |  8 PagesFor the last two years, the car industry has experienced constant changes in the world political conditions, economic climate, socio-cultural transformation and technological advancement. Today’s carmakers have been astonished by the increasingly growing demand in the developing world, and also struggled to meet all the demanding environmental regulations in most countries in the world. In addition, the new development of mega cities, and the emergence of new technologies have urged automakers to