China is in a better position than India to succeed in the new global economy - Outline Example

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China is in a better position than India to succeed in the new global economy

Consequently, there is a panic in Middle East on this basis and it is possible that global consequences may follow (Cetron et al, 2006). "Looking across the Pacific and to Asia, the emerging powers of the previous decade are now key players and global economic powers. Asia, led by a dynamic China and India, has emerged to lead the global economic recovery; it will be essential for America to engage with Asia in all areas­–economic, security, and energy” (India, China new global powers, 2010). This idea expressed by a representative of American government means that America is on the way of establishment a strong partnership though diplomatic and political complexities may occur. China China impacts global economy by its incredible growth. China is a well-known producer of 13% of world economic output and is the largest consumer of nickel, copper and oil in the world. This country exports cement and is the leader in this niche. Investments of China are wide-spread in the world. Import and export has been growing for the last 25 years to the greatest extent. China entered WTO in 2001 and thus China’s trade has increased. Every year China’s export grows per 29%. China has shifted accents of its export from textile to electronics (A New World Economy, 2005). ...
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China and India in the new global economy Introduction Under current conditions of globalization, China and Asia are believed to be the most successful competitors on the international arena. Consequently, the primary role of USA on the international arena is supposed to be diminished in coming decades…
Author : skessler

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