China And India Will Be The Major Players In The Global Economic System In 10 Years Time.Discuss.

709 words - 3 pages

In the recent era a very emerging dilemma that has become a burning issue is the economy growth in countries such as China and India. Moreover, China's and India's resources system will have influenced on developed countries which have already relied on their own economy by producing goods and services. However, this essay will discuss the main aspects which will lead China and India to be the major players in the future of the global economy.The demographic levels of India and China are very high. China with a population of 1,321,851,888 has great potential to convey its product and view its ability to European countries. The goods produced in China may not have the same quality as the European countries. But, in relation to several reasons such as, the average wages of the labour in China is much cheaper than what it is in European. Also, some domestic systems, which make China to be considered as the second-largest market for, and the largest exporter of, electronics, information and communication technology products. (Shahid Yusuf et al. 2007)China has become a common destination for powerful economic countries such as United Kingdom, Germany, USA because of its cheap labour which will lead to a significant economical growth. However according to a summary published in 2005 by European Chamber "while the internationalisation of Chinese enterprises is a welcome trend, European companies in various sectors are finding it difficult to compete on a level footing with domestic companies in China". ( )Another reason leads China to play the considerable role in economy is that a large number of young people go abroad for education and being experienced in information technology studies, management and globalization which they play important roles in modern societies, afterwards, return to China in order to apply their experience into Chinese market.India's population is estimated to 1,129,866,154, although its big number of habitants it hasn't obviously had such an impact on other country as China does. The labour resources and the domestic market potential that India owns are not so powerful as in China. Because of its domestic market, which is very limited, a lot of...

Find Another Essay On China and India will be the major players in the global economic system in 10 years time.Discuss.

The balance of power mechanism and the system of alliances, had saved Europe from major wars for forty-three years, failed to preserve the peace in 1914.

960 words - 4 pages Franz Ferdinand by a member of a Serbian nationalist terrorist organization was an act of nationalist pride to show Austria that extreme measures will be taken in order to gain Serbian freedom.This act greatly angered the Austrian people that their heir to the thrown was shot by a citizen of one of Austria's own colonies.Immediate action was taken, and a list of demands was sent to Serbia. All demands were met except one and this led to invasion

Analyse the strategic solutions that two companies operating from BRIC countries, for example, China or Brazil, have made in the last 5-10 years

1116 words - 5 pages Introduction In this fast growing economy, the BRIC countries, which have shown drastic economic growth, are considered as being the future leader of global economy Khanna and Wilson (2005) due to continues emerging, large population, and countries are holding onto a lot of money which is considered as power in the future. Later in the essay to analysis the strategic solutions of Telemar (Brazil) and Gazprom (Russia) during the past five years

Analyse the strategic solutions that two companies operating from BRIC countries, for example, China or Brazil, have made in the last 5-10 years

841 words - 4 pages 1.1Introduction BRIC countries are continuously emerging and holding onto a lot of money with large population. With all the factors have shown drastic economic growth not only presence but also considered as being the future leader of global economy Khanna and Wilson (2005). (SAIIA, 2011) Later in the essay to analysis the company’s major issues and actions accordance with companies key strategies on the basis of products and services, key

India and China: A Comparison of Economic Growth and Development

2154 words - 9 pages offer. India's success in the long term will depend upon their ability to reach their needs for external financing. India may need to encourage a more open free market system if it wants to gain the confidence of foreign investors. With an increase in foreign investment and continued reformation of economic policy India could eventually find themselves competing with China to become the world's economic leader.The potential for both India and China

Imagine a reunion with three friends from your secondary school in 10 years time. How will your lives have changed?

594 words - 2 pages feet on the bed, I heaved a deep sigh of relief. I was so excited to have finally arrived in my homeland, Malaysia, after ten long years.I began to ransack my suitcase for my bright yellow phone book. Shuffling through its dog-eared pages, I spotted a familiar name. Rachel Voo. Memories suddenly flashed back to the days of high school. It was still so vivid.I promptly dialed her number, hoping that she would pick up the phone and greet me just as

The Caste System in India

1259 words - 5 pages values are difficult to change, so that the caste system still exist in modern India, and Indian should be applauded for its constant effort to eradicate this system of stratification from its cite The Caste System. Ancient Civilizations Online Textbook. civ/8b.asp, 2014. Web. 30 Sep. 2014Mondal, Puja. Useful Notes on Dalit Movement in India. Your Article Library., Web. 30

The Economic Reforms in India Since 1991

1160 words - 5 pages 0.32 overall, and from 0.28 to 0.29 in Rural India (from 0.34 to 0.37 in Urban India) –suggests that the impact is less severe than what critics made it out to be. (Source: World Bank data) So things aren’t so bad after all. BIBLIOGRAPHY Human Development Report 2010 – UNDP New Economic Policy: Indian State and Bureaucracy , C. P. Bhambhri, Social Scientist, Vol. 24, No. 1/3 (Jan. - Mar., 1996). World Bank Report on Malnutrition, 2005 March of The Elephant, Salil Tripathi, Mint: The 1990s, 2011 Open Sesame, Niranjan Rajadhyaksha, Mint: The 1990s, 2011

Where I Will be in Ten Years

728 words - 3 pages golf cart business, I would like to further develop that into a motor sports shop that will work on all types of trucks. In order to make sure this is all happening, I know that I will have to set myself on the right track. I will have to make sure I do not go waste my money on stupid crap. I hope to be financially secure within ten years from now.      I have many dreams and aspirations in life. I think that

Communism and the Free Market System in China

1377 words - 6 pages . Currently both countries are competition to reach the number one spot in GDP and china has recently been making it to the number #1 spot. Both countries their on ideas of what is best for the people in both eliminating poverty and promoting jobs domestically, but although both countries have similar goals, the major differences lay in the ways the countries regulate economic policy. Would a free market system prevail in making the people well off, or

Korean Players in Major League Baseball

1665 words - 7 pages baseball fans and money into their team. Even though those players are talented as they become a major player in the team, the team does not have to pay as much as already famous baseball stars, as a Moneyball strategy. For Korean players, a similar case with Hyun-Jin Ryu cases will be more common in the future rather than Chan-Ho Park or Shin-Soo Choo’s cases. For this 2014 season, a famous Korean pitcher, Suk-Min Yun, signed with the Baltimore

Sagarmatha National Park is located in Asia between India and China: Tallest Peak in The World

1111 words - 4 pages tallest peak in the world, Sagarmatha. Location Sagarmatha National Park is located in Asia between India and China in the Solu-Khumbu region (Sagarmatha National Park). There are ten parks within Nepal total; however, Sagarmatha encompasses 124,400 hectares of land (Sagarmatha National Park). With its astounding physical features, Sagarmatha National Park is unique in the fact that for the most part it protects itself. To the North of the

Similar Essays

The Import Of China For Recent 10 Years

2413 words - 10 pages essay, in order to illustrate and interpret the reason of above scenario, the export tend analysis in recent 10 years is necessary, and also needs to consider its relevant aspects which will effect the export value, such as GDP of decade, current account surplus, exchange rate and the economic patterns of China. Finally, Looking forward to analyze the China's export behavior in this essay, conclude the advantages for Chinese economy from its

China & India Economic Development Essay

3716 words - 15 pages will be hindered if they do not effectively address the huge development challenges currently being faced.1.2 Research objectiveThe outcome of the ongoing economic transformation in China and India has a profound impact on the world trading system, world monetary system and the foreign direct investments (FDI).1.3 Research questionAmerica has long been the primary engine of the global economy. Would China and India be capable candidates in

Global Economic Freedom Is An Issue That We As Conscious Business People Should Be Aware Of. It Is Not Enough Just To Know The Rules And Laws That Govern The Economic System In One's Own Country.

1751 words - 7 pages Global Economic Freedom is an issue that we as conscious business people should be aware of. It is not enough just to know the rules and laws that govern the economic system in one's own country. With the continued expansion in global business it is almost certain that a business dealing with foreign countries will need to have a general idea about the foreign countries economic system and the general rules and laws that govern that economic

The Creation Of A Functioning Market Based Economic System In China

1852 words - 7 pages jointly, to follow the trend, the adoption of a market-based economy seems to be inevitable. It is understandable that it is very difficult to join groups to play a game if the rules set are different among groups.To attract more foreign direct investment to China so that more capital would be flowed in while China is lack of them, a fair and market-based economic system is a must. Since China is developing and needs much more capital to flow into it