INDIA

The consequences of economic growth can be good and bad; consequences as many things that happen in world. The good consequences can be the huge growth of technology that have occurred in this days, it is impressive how everything has technology or needs a little part of it. And the bad consequence is that we are so involucrate and crazy to have a good economy that from that we can have the crisis and an economic depression.
I consider China to be a threat to the rest of the world, in the past 30 years China has increase impressively fast, know it is the second potential country of the word after United States. In other side in one of the countries with more technology in the world, so that is another point for them. I totally think they can be our leaders in a future, and maybe not very far of these times.
The potential positive and/or negative impacts on the people of China and India of globalization can be in the commercial part the consumers like us would have more variety and more quality cause of the competition but for the commercials this can be bad competition can get them out of the market. Something positive can be the increase of jobs, too. And negative things like I said can be the competition and not only market thing it can be the industrial things and that can made a big change and if a company break up many jobs can, too.