china and india's growing economy must definitely be hurting the already established ones. which counties are the biggest losers?
isnt globalisation actually causing harm to the developed ecomonies?
2006-10-26 06:38:17 · 14 answers · asked by varun g 2 in Social Science ➔ Economics
It may be possible to hurt big leaders because both countries have potency to high export with china's cheap labour it can appear very much in small machines ,toys andelectronic goods. still the globalisation did not hamper on their employment,as they retain small industries base. however india are becoming labor saving and turns capital intensive.The goods produced are of more competitive in nature than chinas'. but still we have not seen the efficiency of japan which has more density in population ,with lack of resources but threaten western world.If this is a role model for india probably a threat to developed world
2006-10-26 06:49:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The major losers are an will be the developing and not the developed world. For instance, Brazil has some fine shoes industries. However they simply cannot compete with the chinese and that fact alone is leading many factories there to close. Since those economies are not as strong as those found in more developed countries, in the long run they will be the ones who will lose. Take my word for it.
2006-10-26 15:14:41 · answer #2 · answered by _______-------_______ 3 · 0⤊ 1⤋
China and India are growing does not mean that developed countries are loosing..When china and India have solid consumer base to buy,they will be importing lot of things because they can afford.Therefore they will be helping the economies of developed countries also.
2006-10-27 21:34:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Globalisation is ofcourse leading to some un fore seen consequences as already developed countries are getting the setback.
2006-10-26 14:06:40 · answer #4 · answered by smiley 2 · 0⤊ 0⤋
i think everyone else is winning also, purchasing power in other countries increased because of India and China's low labor (production) cost...
2006-10-26 15:41:35 · answer #5 · answered by thinkingtoy 1 · 0⤊ 0⤋
America and Germany may be affected. but america can regain its status and surely wont fall back in global competition.
2006-10-26 14:01:21 · answer #6 · answered by klassics1992 1 · 0⤊ 0⤋
no one
2006-10-27 03:15:08 · answer #7 · answered by Rim 6 · 0⤊ 0⤋
no body is losing out there but they are scared of the rising competion
2006-10-26 13:52:51 · answer #8 · answered by Indra P 2 · 0⤊ 0⤋
no one
2006-10-26 14:47:16 · answer #9 · answered by Karan S 1 · 1⤊ 0⤋
china
2006-10-26 14:06:10 · answer #10 · answered by Anonymous · 0⤊ 2⤋