India china economic growth essay

china economy depends on india

Backhouse and A. China's economic policy is not about running a university class but about guiding the world's second-largest economy on which the fate of 1.

Economic growth of india vs china

URI: All papers reproduced by permission. Financial development, structures, and economic growth: the case of Egypt, Financial Deepening in Economic Development. Brown, R. Ang, J. Gurley, J. Trade and inequality, revisited.

However, with a closer examination, it becomes evident that this may be unlikely as China is heavily dependent on developed Western states, such as the United States, for the raw materials it needs to feed its manufacturing industry.

Journal of Time Series Analysis, 34 1 Gurgul, H. Almost half of the workforce is engaged in the agricultural sector, but the real backbone of Indian economic growth is in the service sector. Financial development and economic growth.

Finance and growth: Schumpeter might be right.

India vs china economy 2017

Financial environment and economic growth in selected Asian countries. It is so because the absorption of resources of a country and people living in the country are closely correlated according to the Malthus theory of Population. Brookings Institution, Washington, DC. Financial development and economic growth: evidence from unit root and cointegration. Both the Chinese and Indian government have made clear that they have deliberately taken the decision to increase state investment in order to stimulate economic growth, while in the U. A policy relying purely on private investment is extremely unlikely to be successful as the experience of the U. Financial intermediation and growth: causality and causes. At present, infrastructure spending is about 6 percent of the gross domestic product, which needs to be increased to 9 percent to make a yearly growth rate of 8 percent sustainable over a long term. How does foreign investment affect growth? Economic Modelling, 28, This goal was to be achieved without impeding the development of developing countries which is why most of these countries were not required to reduce their GHG emissions and in some cases, were even allowed to increase them. View Item. Liu, X.

The major economies with high growth rates of state investment China, India have high rates of economic growth. Cointegration and error correction: representation, estimation and testing. View Item.

how is china and india contributing to the world economy

Brookings Institution, Washington, DC. URI: All papers reproduced by permission. It is not by accident that India appointed a China specialist as its chief economic adviser and its state investment policies have moved towards China's pattern of development.

India vs china economy

Journal of Socio-Economics, 38 2 , International Review of Economics and Finance, 19, Economic Development and Cultural Change, 40, Innovation and Growth: Rationale for an Innovation Strategy. However, with a closer examination, it becomes evident that this may be unlikely as China is heavily dependent on developed Western states, such as the United States, for the raw materials it needs to feed its manufacturing industry. Economics Letters, 74 3 , — Hsueh, S-J. The major economies with low growth rates of state investment, such as the U. European Journal of Political Economy, 19, — Dickey, D. Does globalization hurt the poor? Has Globalization Gone too Far? In the U. Chinese state and private investment percent change year to year: CEIBS India, the other rapidly growing major economy, shows the same pattern as China.
Rated 7/10 based on 43 review
Download
Country Comparison: China and India Essay