Is it India or China
2007-03-22 19:05:31 · 8 answers · asked by uma s 2 in Social Science ➔ Economics
Both countries are doing extremely well. Average incomes are growing at nearly double-digit rates. Both countries will nearly eliminate absolute poverty in just a few years.
However, it is interesting that they are taking two very different paths to development. China has a very government-controlled approach. Most property is owned and controlled by the state, which India allows more extensive property rights.
It will be VERY interesting to see if both or either of these countries can keep up the current pace without getting into trouble -- demand for property rights and human rights in China, and demands for more income equality in either country.
2007-03-23 02:50:33 · answer #1 · answered by Allan 6 · 0⤊ 0⤋
As far as analyzing these at the moment we have to conclude that China is at a better level and pace on both fronts: Economy and Technology. The future may differ. But on the basis if the present methods followed in India, we cannot tell if we could overtake China?
2007-03-22 19:13:29 · answer #2 · answered by pvhramani 2 · 0⤊ 0⤋
As far as economy is concerned China,Russia,India are Brazil are supposed to dominate the world economy by 2020 observing their growth.
While Japan is the leader in the Technological area.
2007-03-22 19:19:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Both are at their own pace: onlr the pace of China is faster.
2007-03-26 05:31:06 · answer #4 · answered by sensekonomikx 7 · 0⤊ 0⤋
India
2017-02-09 07:55:23 · answer #5 · answered by ? 7 · 0⤊ 0⤋
china
2007-03-23 18:01:42 · answer #6 · answered by u2care123 2 · 0⤊ 0⤋
in my opinion. South Korea
2007-03-22 19:17:09 · answer #7 · answered by dubertman 3 · 0⤊ 0⤋
They are both at war against poverty.
2007-03-22 19:11:58 · answer #8 · answered by Tom 4 · 0⤊ 0⤋