China & India, "Two Economic Monsters"

We've all heard that China is becoming one of the most powerful countries, economically speaking, yet there is another country who does not want to be left behind, and it is a country not everybody is aware of; India.

Both countries have somehow found a way to improve their economic situation across the years. But, how have they done this?...

We can say China's Economic improvement started after 1978, after World War II was over. Before this, China's average growth per year was of roughly 6 percent a year. After 1978, it's average growth was of about 9 percent. There were also several years that it reached 13 percent of average growth.

Even today their economy is still on the rise. Though, today, China's impressive GDP growth might face a few threats, such as: Undervalued Currency, Nonperforming Bank Loans, Inefficient state-owned prices, and growing income disparities.But still, there is another fact, development, both economical and social in China go hand to hand; what used to be the lower classes can now we considered middle class. The countries' infrastructure has been improved as well, and there is a chance that China could stop being just a "very large industry" that supplies treats all over the world.This issue has created a worldwide doubt... Will China become a threat to the world? Especially, for its major rival, The United States.

"Per capita income has nearly quadrupled in the last 15 years, and a few analysts are even predicting that the Chinese economy will be larger than that of the United States in about 20 years". Say Zuliu Hu & Mohsin S. Khan in their article "Why is China Growing so Fast"

For more information visit this link: [http://www.imf.org/EXTERNAL/PUBS/FT/ISSUES8/INDEX.HTM]

China and India are countries recognized by all the world. Their economic growth has been really fast in the last century. Both countries have developed their economic situation using infrastructure, low labor and high trading range to raise their position in comparison with other power countries. Indiaprincipally started to trade with high industry products, not only with products of rawmaterial.This is how their numbers have increased since 1980.

To know more about the way India's economy has being managed visit: [http://www.indianchild.com/india_economy_growth.htm] and

[http://www.economywatch.com/indianeconomy/indian-economy-overview.html]

- Globalisation, a current issue.

How positive can Globalisation be? What are it's negative aspects?

In one hand, globalisation has really opened doors to new cultures in different countries. It is easy now to see anItalianin Mexico, a French in Tokyo or a Mexican in Los Angeles (haha).

Trading opportunities has also being encouraged by this matter. Countries are now basing its economy a little bit more in trading than they used to.

Also the appearance of new technologies thanks to globalisation, although most of the time you read in tags "Made in China", "Made in Japan", "Made in Taiwan" etcetera. But still, it has become a positive aspect in countries development.

But Globalisation is still not a fairytale. The mixing of cultures is slowly "destroying" them. This new technologies, well, if you've seen the film "I Robot", you might think about it twice before having a robot doing your chores.

Another issue of globalisation is the fact that countries have become more and more dependent to each other; and this, in the long run, could become worse.

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China set to provide first swine flu vaccines

China has developed a vaccine for swine flu and is set to become the first country in the world to begin mass inoculations, but there are concerns over possible side effects, the World Health Organization (WHO) has said. China is the first one to have an approved vaccine for the swine flue and will be the first one to distribute, What does this means? that China is starting to be the number 1 country in several cases, this one is the a good example the numer one who invented this vaccine, the number 1 that always is innovating to create new things that attract countries and institutions in this case the WHO to have relationships with China, and what does China win? Economic Power and Political Power in the world , if China follows this procedure of being the one that is innovating, the Countries and The institutions would give China a big power in the choises that the countries have to take and these one would start to be more dependt to China, and with this power and relationships i think China would become in the Number 1 Power of the World.

Here is the link of this New so you can read it and have a better conclusion: http://edition.cnn.com/2009/HEALTH/09/09/china.swine.flu.vaccine/index.html

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A useful link to China's Economic Growth..

I was researching about China's Economic growth, and I thought it would be a good idea to post something in the blogger, along with the link, for this upcoming homework that we have. Use the link, it is actually pretty interesting what you can find. Here are some comments.

Chinese Economic growth begin around 1978 when China embarked in a on a program of economic reform. "In an effort to awaken a dorming economic giant" it says, it encouraged the formation of private businesses as well as rural enterprises; they liberalized foreign trade & investment, they "relaxed" state control over certain prices and they invested in industrial production and the education of its workforce. Quoting: "By nearly all accounts, the strategy has worked spectacularly".

This is somehow the way chinese government has found the way into a growing economic development. You will also find the way they measure this economic growth, and you will find several impressive numbers, such as annual rates of growth, and a comparison with (and this term will probably be new for you) the economic growth of the "Asian Tigers" (Hong Kong, Korea, Singapore and Taiwan, province of China).

It is a very useful source, if you want to learn a bit more about China's economic growth, and it might be useful for your upcoming homeworks.

Here is the link to the webpage:

http://www.imf.org/EXTERNAL/PUBS/FT/ISSUES8/INDEX.HTM

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China is on the rise...

As seen in class, China is on the road to being the next big power in the world. With that in mind, I decided to share this article with all of you. It talks about how China advanced one spot this year to be the 29th most competitive economy despite the current global financial crisis. This was said during the World Economic Forum, based in Geneva.

For the the full article, please visit the original page.


http://www.chinadaily.com.cn/china/2009-09/09/content_8669073.htm

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