Gravity Shift: How Asia's New Economic Powerhouses Will Shape the 21st Century by Wendy Dobson: A Book Review (original) (raw)

China, India, and the Future of the Global Economy

In the first part of the paper an overview of the long-term global economic growth forecasts is presented. Next an extrapolative forecast of global GDP and an estimation of the shares of China and India in the global production by 2050 are presented. The evolutionary model of competition enables to estimate the competitiveness of national economies, therefore in the second part of the paper we present also the results of estimation of the competitiveness of the economies of India and China after World War II. One aim of that research is to compare the competitiveness of China and India with the leaders of economic development in the twentieth century, namely the United States, Great Britain, Germany, Japan and the European Union. A possible scenario of development for the next 40 years is presented in the end of the paper. The evolutionary model of competition allows estimating the competitiveness of national economies; therefore, in the second part of the paper we present the results of estimation of the competitiveness of the economies of India and China after World War II. One aim of that research is to compare the competitiveness of China and India with the leaders of economic development in the twentieth century, namely the United States, Great Britain, Germany, Japan, and the European Union. A possible scenario of development for the next 40 years is presented in the end of the paper.

India & China: The Rising Power in Global Economy

International Journal of Research in Commerce, Economics and Management, 2012

must be informative and explain the background, aims, methods, results & conclusion in a single para. Abbreviations must be mentioned in full.

Similarities and Differences in the Roles of China and India in the World Economy

We interpret the recent acceleration of growth in India and China as the culmination of a new international division of labour, which has absorbed the labour surpluses of East and South Asia into the mainstream of world trade and spectacularly expanded their production and export of labour-intensive manufactures and services. We also explain the differences in growth patterns and rates of the two economies in terms of differences in historical heritage and political economy. We suggest that with time, these growth patterns are likely to converge and the growth rates to diminish, but that India's deceleration will be much sharper

China and India Rise on the Global Stage

China and India have become economic powerhouses over the past two decades through the exploitation of mercantilism, absolute advantages, and education. These countries have the two largest populations in the world and that has helped them rise near the top of the economic world. China is considered the workshop of the world because of its' ability to produce and export goods while India has put an emphasis on education and creating young professionals in the STEM fields. Through slightly different paths these countries have made a name for themselves on the global stage and may soon overtake the current economic world leaders.

The rise of developing Asia and the new economic order

Journal of Policy Modeling, 2011

This paper identifies emerging trends in the world economy during the next decade. The first is that China will overtake the U.S. in terms of gross domestic product (GDP), ending more than a century of U.S. leadership as the world's largest economy. The second is that Developing Asia, excluding Japan, will overtake the G7, a group of the seven largest industrialized economies established in 1975-6. Finally, India will overtake Japan, Russia will overtake Germany, and Brazil will overtake the U.K., leading to a New World Economic Order: China, the U.S.

China, India, and the Future of the World Economy

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations,and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent. Policy Resea R chW o R king Pa P e R 4304 Although both China and India are labor-abundant

China's economy, India's economy, comparative development

European Journal of Comparative Economics, 2009

While China and India's average incomes remain low, their sustained economic growth of recent decades combined with their enormous populations (that each exceed the size of the OECD) has turned both countries into such large players that their economic scale is only exceeded by the United States, and possibly Japan. (2) So though a large share of their populations remain poor, both China and India are already heavily integrated into the rest of the world's trade and financial flows, making their current and future development impossible to ignore. Most recently, as the developed world has slipped into a severe and prolonged recession--which many observers are calling a depression--China and India stand alone among major economies in registering positive growth, with the rest of the world's economies hoping that these emerging giants will help to bring the rest of the world out of its deep morass. Nevertheless, these countries are fragile and are still in the midst of ong...