China and India

1) What are the consequences of economic growth?Most of the countries are so obsessed ith economic growth. Is what makes for increasing standards of living as measured by life expectancy, infant mortality, etc. Some positive consquences about economic grwoth is the development of thecnologies, more poruducttivity, but this can led to the negative consequences, such as contamination, low quality of life, among other things.

2) Do you consider China to be a threat to the rest of the world? Yes. China owns more than 20% of the National Debt. Their economy is growing stronger though they will inevitably hit a roadblock as their capacity to produce catches up with the demand for their products. They are starting to build more skilled labor and building more advanced products such as cars and computers as opposed to 25 cent toys. Their "One Child policy" will catch up with them as their older population begins to age. There aren't enough younger people to care for the older people. These are some of the reason why I think that China is a treat to the rest of the world, and particulary to the US, I mean that China can take the place of the powerful country in the future.

3) What are the potential positive and/or negative impacts on the people of China and India of globalisation?
*Positive:
Globalization has created the concept of outsourcing.
Work such as software development, customer support, marketing, accounting and insurance is outsourced to developing countries like India. So the company that outsourced the work enjoys the benefit of lower costs because the wages in developing countries is far lower than that of developed countries. The workers in the developing countries get employment. Developing countries get access to the latest technology.
Increased competition forces companies to lower prices. This benefits the end consumers.
Increased media coverage draws the attention of the world to human right violations. This leads to improvement in human rights.

*Negative:
Developed nations have outsourced manufacturing and white collar jobs. That means less jobs for their people. This has happened because manufacturing work is outsourced to developing nations like China where the cost of manufacturing goods and wages are lower. Programmers, editors, scientists and accountants have lost their jobs due to outsourcing to cheaper locations like India.
Globalization has led to exploitation of labor. Prisoners and child workers are used to work in inhumane conditions. Safety standards are ignored to produce cheap goods.
Job insecurity. Earlier people had stable, permanent jobs. Now people live in constant dread of losing their jobs to competition. Increased job competition has led to reduction in wages and consequently lower standards of living.
Terrorists have access to sophisticated weapons enhancing their ability to inflict damage. Terrorists use the Internet for communicating among themselves.
Companies have set up industries causing pollution in countries with poor regulation of pollution.
Fast food chains like McDonalds and KFC are spreading in the developing world. People are consuming more junk food from these joints which has an adverse impact on their health.
The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer.
Bad apects of foreign cultures are affecting the local cultures through TV and the Internet.
Enemy nations can spread propaganda through the Internet.
Deadly diseases like HIV/AIDS are being spread by travellers to the remotest corners of the globe.
Local industries are being taken over by foreign multinationals.
The increase in prices has reduced the governments ability to sustain social welfare schemes in developed countries.
There is increase in human trafficking.
Multinatonal Companies and corporations which were previously restricted to commercial activities are increasingly influencing political decisions.