Week 02 Discussion - Growth of India and ChinaChina and India are often referred to as two of the...

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Week 02 Discussion - Growth of India and ChinaChina and India are often referred to as two of the fastest growing countries. Compare their recent growth rates to the U.S. growth rate. (You may want to check out the web site of the International Monetary Fund (IMF) for international data and analysis.) Which of the two countries: China and India will sustain strong economic growth in the long run and why?
	
Document Preview: Week 02 Discussion - Growth of India and ChinaChina and India are often referred to as two of the fastest growing countries. Compare their recent growth rates to the U.S. growth rate. (You may want to check out the web site of the International Monetary Fund (IMF) for international data and analysis.) Which of the two countries: China and India will sustain strong economic growth in the long run and why?

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China and India are often referred to as two of the fastest growing countries. Compare their recent growth rates to the U.S. growth rate. (You may want to check out the web site of the International Monetary Fund (IMF) for international data and analysis.) Which of the two countries: China and India will sustain strong economic growth in the long run and why?
China and India are the leading economies of the BRIC group that are growing at robust rates, as if they were untouched by the financial meltdown of US and the Euro zone problems. However despite the global developments have cast some shadow on their growth, China is expected to be the biggest economy in the world by 2050.
As the charts show these countries have shown brilliant performance compared to US which experienced a negative growth in 2009 and continues to grow at less than 2% today.  The causes of this rise can be centered on the 3 pillars of growth- capital, technology, education and training.
Technology is not a problem for any nation today-as it can be imported if domestic technology is found to be less productive. The only requirement is of finance to fund the technology. This is also related to the level of capital in any economy. Both India and China have continuous foreign direct investment that brings in finances as well a technology. FDI flows to India have picked up in recent years,

Week 02 Discussion - Growth of India and China China and India are often referred to as two of the fastest growing countries. Compare their recent growth rates to the U.S. growth rate. (You may want...

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