China and India: Two Asian Economic Giants, Two Different Systems
13 Pages Posted: 17 Aug 2008
Abstract
In this essay, I am going to focus attention on China and India as new economic juggernauts that are having great influence at the present time. Of course, those two powerful economies may be joined by others that are large and dynamic at the present time, but movements of others do not come up to the pace being set by the above two Asian economic giants. The Chinese economy has exceeded expectations since 1978 by the widest of margins. It is prosperous; it overcame the food supply matter at the beginning; it is now delivering middle class and upper middle class living conditions to its citizens. India is joining the high-growth club of nations, but in their own way, as a democratic nation. Politically and culturally, the two nations differ markedly, but economically they have some great similarities.
Keywords: Economic Growth in China, Economic Growth in India
JEL Classification: O53
Chapter 6. Development Studies of Asia and Oceania, 2001-2023
6.1. Studies of 2004-2020: Investment and Development ………………………. 101
6.2. Development of India and China, 1950-2020 ……………………………….. 105
6.3. Studies of 2021 and 2022: Quality of Life in Asia and Pacific ……………… 106
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