Lets start with the concept of globalization, we understand globalization as trading, sharing, getting bigger, connections, one big world, etc. But what does this all mean? What consequences does this bring? Are this good or bad? what do they share, connect trade?
China, actually the largest country in East Asia and the most populous in the world with about 1.3 billion people, its the fastest growing major economy in the world and it now has the world's third largest nominal GDP. It is a member of the WTO and is the world's third largest trading power behind the US and Germany. This puts China among the world's favorite destination for foreign direct investment (FDI). It is growing very very fast, they have even made a policy of "once child per family" because they are concern about their population growth, and they are trying to keep this until 2020. China people are learning english fast too, they have the largest market for learning english in the world, they are going to be the leaders in english speaking in about a decade. China's market has about 1/3 of all the brands in the world and exports to thousands of countries around the world. The good thing of china's growth and globalization is that they make the market cheaper because they always have some competence, they always have several brands and options for articles, technologies are brought to western countries, they also bring us some of their culture and food! but the problems of this is that they are growing too fast too, they dont have enough space, they dont have enough resources in their land and all that people needs houses, jobs, food, etc.
Everyone says that china is going to be the major country in the world, economically and power, i also think that, i think that chinese have planned this very good, they have very good relations with powerful countries, they have cheap labor and for this they trade with a lot of countries.
India its the seventh-largest country by geographical area, the second-most populous country, and the most populous democracy in the world. It has the world's twelfth largest economy at market exchange rates and the fourth largest in purchasing power. Economic reforms since 1991 have transformed India into one of the fastest growing economies,however it still suffers from high levels of poverty. India has shown a big increase in economical power in the last decades, but mainly military (India maintains the third-largest military force in the world). India's globalization and connection to the world makes it even richer, india has the world's second largest labour force, and its consider economically among the fastest growing in the world.
I think this countries have all the tools to become and fight the dominant position of USA. They have their problems with globalization because they have to many people, their people its getting influences by other cultures and they are loosing their own, but far from it, they are strong, economically and politically.
I think they will also have some problems because of globalization because they are so influenced by other countries that globalization its going to make them very similar within culture and society, brands, etc. But globalization its also making them very rich and its helping china and india grow very very fast. I think that in a few years USA is going to be questioned to be the world's strongest country. I have china as my favorite for the future, i think it has all the tools to become the world power, it might also have some conflict with USA in the future because as we know, USA are not very happy with the idea that another country is going to take their place.
Some of the problems i see in india is that there's a lot of distinction among rich and poor, there's too little middle class, everyone is rich or poor, i think they should work more in that are, making the country strong but within all its members. They are also loosing their culture, as for example indian woman who see in tv or magazines american women, they change their way in behaving, acting, dressing, little by little.
Look at this video, this video has some good comparisons of china and india, for those who think china is way better than india, this video is obviously made by an indian person but it is helpful to understand and compare some advantages of india over china.
http://www.youtube.com/watch?v=mb34Lgrg8I4
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. October 23, 2008
