India and China have become big players in the world’s economy in what seems to be overnight, due to such rapid growth. In The Elephant and the Dragon: The Rise of India and China and What It Means for All of US, Robyn Meredith lays out the history along with effects of this rise in India and China. One of the main questions is what should the United States do about this rise of what could be two new super powers in the world. China and India are transforming from poor and closed economies to developmental giants. There are many differences between India and China that are widely known that set their development apart. India is democratic and China as we know claims to be communist/authoritarian. Also China’s growth is moving at an extremely
…show more content…
China’s authoritarian/communist creates less barriers and is more efficient for the fast-growing economy, not having to vote and deliberate ideas speeds up the process of decision makings. The change in leaders was the start of China’s reforms. China went from Mao a full-blown communist who focused on the peasants and whom they experienced some of the most deaths due to poverty under to Deng Xiaoping who created a more capitalist style government still clinging to communism though. The new reforms made helped once impoverished people prosper in China. The factories and new infrastructures gave work to the poor, paying them very little but more than they were originally living on. As China continues to modernize the people are adjusting as well because most if these people have been impoverished for a long time. The amount of jobs created and rise of GDP has given many Chinese lives they never thought they could have, lives that include having technology, cars, etc. China has become the world’s factory, most toys, clothes, etc. say “Made in China” this is a big deal because China’s name is spread worldwide making them globally important, the start of a super power. China’s infrastructure and ability to create these large factories puts it at an advantage. China may not invent half of the things its factories make but it can make things at a cheaper and faster rate which is appealing to big …show more content…
India at one time was in “national humiliation” do to its “political turmoil, high oil prices, and fiscal profligacy”, a change needed to be made. Mr. Singh was the start of the change in India, he began the change with abolishing old quotas and things that held back what and how much could be produced in industries along with regulations that held back India’s businessmen. Mr. Singh’s plans were to advance India into being a “major economic power in the world” and now it is showing that India is becoming just that slow and steady. The economy in India is skyrocketing as I learned from this article along with the book. India could push its way out of the financial crisis it was buried in but it is described in this article that the inflation prices are beginning to rise and the growth is beginning to slow, India needs to look for a new “push” to not stagnate and keep up with the growth in China. Thanks to Singh’s efforts and successes of reforming India, India has become a successful and strong economy. The only change that could be made now is speeding up its process to be a tougher competitor in the world’s economic
China’s authoritarian/communist creates less barriers and is more efficient for the fast-growing economy, not having to vote and deliberate ideas speeds up the process of decision makings. The change in leaders was the start of China’s reforms. China went from Mao a full-blown communist who focused on the peasants and whom they experienced some of the most deaths due to poverty under to Deng Xiaoping who created a more capitalist style government still clinging to communism though. The new reforms made helped once impoverished people prosper in China. The factories and new infrastructures gave work to the poor, paying them very little but more than they were originally living on. As China continues to modernize the people are adjusting as well because most if these people have been impoverished for a long time. The amount of jobs created and rise of GDP has given many Chinese lives they never thought they could have, lives that include having technology, cars, etc. China has become the world’s factory, most toys, clothes, etc. say “Made in China” this is a big deal because China’s name is spread worldwide making them globally important, the start of a super power. China’s infrastructure and ability to create these large factories puts it at an advantage. China may not invent half of the things its factories make but it can make things at a cheaper and faster rate which is appealing to big …show more content…
India at one time was in “national humiliation” do to its “political turmoil, high oil prices, and fiscal profligacy”, a change needed to be made. Mr. Singh was the start of the change in India, he began the change with abolishing old quotas and things that held back what and how much could be produced in industries along with regulations that held back India’s businessmen. Mr. Singh’s plans were to advance India into being a “major economic power in the world” and now it is showing that India is becoming just that slow and steady. The economy in India is skyrocketing as I learned from this article along with the book. India could push its way out of the financial crisis it was buried in but it is described in this article that the inflation prices are beginning to rise and the growth is beginning to slow, India needs to look for a new “push” to not stagnate and keep up with the growth in China. Thanks to Singh’s efforts and successes of reforming India, India has become a successful and strong economy. The only change that could be made now is speeding up its process to be a tougher competitor in the world’s economic