...economic stories has been the rise of India and China, two of Jim O’Neill’s “BRIC” countries (FT Magazine, 2010). Despite the implementation of different economic policies (Gupta, 2008) both countries have emerged as major economic forces in the global economy (Bosworth and Collins, 2007), most notably since 1980. Since then, India and China have experienced a significant reduction in poverty with China lifting 500 million out of social deprivation. According to the World Bank (2013), China has had an average GDP of 10% each year while India has seen her GDP double over a similar period. The countries are often compared due to their large population and geographical vastness as well as climbing from third world countries to major economic forces in a relatively short time. However, despite a significant increase in GDP, India has failed to demonstrate the same rates of growth as China. Although both countries were in a similar position during the early nineties, China’s GDP has increased 7 fold since this time; whereas India, although steady, GDP has doubled. The average annual rate is by 10% in China compared to 5-6% in India (see Figure 1). The purpose of this paper is to compare the rates of growth of India and China over the past 30 years and examine possible explanations for this phenomenon. The economies of these countries are underpinned by social, economic and political issues which have all been relevant to their growth. China has placed emphasis on investment...
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...Indian Economy 3 India GDP Growth Rate 3 History of the Chinese Economy 4 China GDP Growth Rate 4 Economy of India 5 GDP 5 Unemployment 6 Inflation 7 Economy of China 8 GDP 8 Unemployment 9 Inflation 10 India's Export and Import 11 China's Export and Import 12 China and India Export and Import 13 Analysis and Findings...
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...Tara Heyano WGU GLT1 Globlization India gained its independence from English rule in 1947 after more than 200 years of colonial rule. The Chines Communist gained control of mainland China in 1949 after a prolonged civil war, in 1949 just after these two events took place China and India were some of the poorest nation on the planet. Most of the population of these countries were considered rural dwelling 85% of China’s population and 90 % of India’s population lived in the country. The average household income for both countries was about sixty dollars. Basic standards of living were virtually nonexistent. Outbreaks of disease and famine took a great toll on the weakest and most susceptible of the people. Both countries faced enormous challenges to building a stable economy and nation. Even those these two nations gained their independence after centuries of domination by colonial powers and resistance to it these nations took profoundly different paths in developing there new governments. India developed after long deliberations developed the worlds largest democracy. However India’s republic faces substantial trials in this age of globalization. In contrast to this on 10/1/1949 Chairman Zedong leader of the Chines Communist Party (CCP) declared the Chinese were now masters of their own fate, he promised the CCPs main objective would be to overcome the toll the civil war had taken on the nation and it would build a China that was modern economically solvent democratic...
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...Ans 1. Haier entered into India to take its internationalistation plans forward and spread its footprint in the developing world. It seemed a logical step since the second most populated country was showing rapid economic growth similar the scene when Haier achieved success in China. Favorable market conditions: I. 8.3% GDP growth in 2003-04 and similar expectations in subsequent years. II. Rising disposable income. III. Relatively low entry barriers in white goods market. IV. Growth of home appliance sector at a rate between 11-14% annually for the period between 2000-04. Growth expectation of > 20 % for 2005-10. V. Low penetration in home electronics. The biggest category color TV stood at 21.3% and refrigerators at 16.!% only. Haier wanted to become a top 3 appliance brand of the expanding Indian economy in seven years and to garner 20% of India’s white goods market in five years. Also there were plans to set up a factory specifically for making refrigerators ( also to be used as a R&D center) and another color TV factory. Ans 2. Haier’s entry strategy • Developed a local sales network, launched media campaigns, acquired a manufacturing facility and rolled out products that were thought to be appealing to local market. • For the first couple years low end goods were sourced from local manufacturers and high end goods were directly imported. Like importing handsets, split ACs and high end TV models like plasma and flat screen from China and assembling color TV via...
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...of Chinese Economic and Foreign Trade Studies * Business and Politics * Journal of Asia-Pacific Business * International Journal of Economics and Business Research * Global Business and Economics Review * Journal of Global Business Issues The following sources may also be useful (but note that these are not regarded as scholarly references so cannot be counted in your minimum): * The Economist - www.economist.com/ * The Wall Street Journal (Asia Edition) - asia.wsj.com/home-page * The International Economy - www.international-economy.com/ * MIT Sloan Management Review - sloanreview.mit.edu/about/ * China Brief - www.jamestown.org/chinabrief/ * China Development Brief - www.chinadevelopmentbrief.com/ * Business Standard [on India] - www.business-standard.com * The World Factbook - www.cia.gov/library/publications/the-world-factbook/ * BBC News: Country Profiles - news.bbc.co.uk/2/hi/country_profiles/default.stm As a helpful starting point below is a list of references which have been randomly harvested from previous student essays as found: McNally, C. A. 2011. ‘China’s Changing Guanxi Capitalism: Private Entrepreneurs between...
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...ISWA – The International Solid Waste Association Introduction and Perspectives on Integrated Waste Management, Recycling and Recovery of Energy from Waste Dr. Helmut Stadler Vice-President of ISWA International stadler.helmut@utanet.at www.iswa.org Table of Content l l l Introduction of ISWA International and ISWA Austria Problems and Challenges Perspectives on Solutions Sources: Franz Neubacher, David Newman, and others ISWA‘s Mission ISWA – the International Solid Waste Association – is a global, independent and non-profit making association, working in the public interest to fulfil its declared mission: “To Promote and Develop Sustainable and Professional Waste Management Worldwide“ ISWA achieves its mission through: Promoting resource efficiency through sustainable production and consumption Support to developing and emerging economies Advancement of waste management through education and training Promoting appropriate and best available technologies and practices Professionalism through its program on professional qualifications. More than 1,400 Members in More than 90 Countries WWW.ISWA.ORG ISWA Membership Benefits ISWA members have access to a variety of benefits as for instance access to: • Waste Management & Research • Waste Management World • ISWA Newsletter • ISWA Working Groups • ISWA's Job Exchange Platform • Large International Network • Discount on Registration Fees • Member Discount Program ISWA Membership Categories •...
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...third chapter deals with essential validity of marriage and its position in various countries. The fourth chapter provides a comparative analysis of five different countries. The fifth chapter deals with Hague Convention and lastly, the sixth chapter deals with recommendations and suggestions. I. Introduction Marriage is a universal human institution which has formed the foundation of the family throughout history.1 It usually means a voluntary union for life of one man with one woman to the exclusion of others.2 While the traditions surrounding marriage ceremonies, the rights and obligations of marriage, the way of choosing one's marriage partner, and even who all are permitted to marry may differ from culture to culture.3 In the case of Shaw v. Gould,4 Lord Westbury was of the view that:5 Marriage is the very foundation of civil society, and no part of law and institutions of a country can be of more vital importance to its subjects than those which regulate the manner and the conditions of forming, and if necessary of dissolving, the marriage contract. 4th year, B.A. LL.B(Hons.), Rajiv Gandhi National...
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...ADVANCED MICROECONOMICS II ASSIGNMENT The Look East Policy (LEP) was a recreation and correction of India’s Foreign Trade Policy. The main purpose was to revive both political ties and to build up economic linkages with South East Asia. LEP focuses on re-establishing better political security and economic co-operation. The first phase was based on ASEAN and it focused initially and mainly on trade and investment linkages. The second phase was based on expanding the definition of east, extending from Australia to china and East Asia with ASEAN as its core. The conference was graced by Sri Nitin Gadkare, honorable Minister for Road Transport and Highway, as Chief Guest. The four main objectives of the conference were: To study the policy as direction for India’s growth. To study the brunt of the policy with the changing geo political scenario worldwide. To examine the potential of the policy as a vector for economic growth and development of these regions. To bring the countries of south East Asia and Asia closer. There were 5 tracks explaining the route map for LEP. We will concentrate mainly on track 1 which was based on India’s trade and investment in South East and East Asia. The change in focus of Indian foreign policy from concentrating on the west towards east finds its source in the LEP. It also aims at redesigning the present economic architecture which will be marketed by regional trading blocs. India’s engagement with ASEAN and East Asian countries establishes...
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...POLI3001 Assignment No. 2 Briefly compare the political regime type in China and India. Which of the two would you prefer to do business in and why? India and China are two republics that have experienced very opposing political regimes throughout history. China has been fundamentally stable country with a lack of a distinct authority figure (Desai, 2003). Being a single party state China has been controlled by the Chinese Communist Party since the 5th National Congress held in 1927 (Wang, 2013). Correspondingly India, have always been a federal parliamentary democratic republic where the President of India elected is head of state and the Prime Minister elected is the head of government (U.S. Central Intelligence Agency, 2013). This essay will reflect on the political views of both China and India, and attempt to determine why it is more advantageous to do business in India. Government regulation is the process of dissemination, monitoring and enforcement of policy established by appropriate legislation. In, China regulation is central as particular industries are not accessible to foreign investors as the Communist Party aims to restrict external influences on its own population (Desai, 2003). An estimated 90 percent of companies listed on the Chinese exchanges are either partly or fully state-owned (Desai). Retaining a level competition base is significantly reduced, as the chances of competing against a government owned company is more than likely. A good example...
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...INDIA INFO FROM ANOTHER STUDENT: WEEK 9 Discussion 1 India, a country rich in history, is a brilliant example of what Kashima (2001) defines as cultural dynamics, which is the phenomenon of cultural stability and change, in that parts of the culture are experiencing rapid change while others are staying the same, happen simultaneously. India is a collectivist culture which is experiencing a state of juxtaposition between East and West as it starts to grow economically and globally while it fights long entrenched cultural values that are in conflict with its stated values. It has both system oriented as well as a practice oriented culture(s) in that a third gender is allowed by law but homosexuality is illegal and female infanticide, domestic violence and Dowry Deaths still occur with high rates of frequency. While the country has, and is supposed to be supported by, a democratic constitution that claims to promote equality, it has a history and culture that practices the opposite that still lingers today. India, being a collectivist culture, has historically placed great emphasis on controlling one's emotions and anger in public; however, in a study done by Raval, Raval & Becker, 2012 found that of the juveniles convicted of violent crimes, the father displayed anger and hit family members. This theme of the social non acceptance of openly displaying anger but turning a blind eye towards domestic violence can also be seen in the common terminology “Dowery Deaths”...
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...the role of BRICS (Brazil, Russia, India, China and South Africa) as a new global growth engine, an alternative export market, and a key sourcing hub. The economic might of BRICS can be gauged from the fact that it accounted for 42.3 per cent of global population, 18.2 per cent (25.7 per cent on PPP basis) of global GDP, 17.8 per cent of FDI and 16.3 per cent of global trade in 2010. However, despite the existence of the huge trade (and investment) potential on account of similar consumer preferences, comparable per capita income, and often complementarities of resource endowment, the intra-regional trade among BRICS nations isn't even 10 per cent of their total trade. INDIA'S TRADE When it comes to India's trade (export and import taken together) with the BRICS, it has grown from roughly US$ 9 billion in 2000-01 to US$ 106 billion in 2010-11. As a result, its share in India's merchandise trade has almost doubled (from 9.4 per cent to 17.1 per cent) in this period. This is quite in contrast to the share of India's traditional trading partners — EU-27 and North America — which has declined from 36.5 per cent in 2000-01 to 22.6 per cent in 2010-11. When it comes to India's export, this decline (in the share of EU-27 and North America) is sharper i.e. 29.3 per cent in 2010-11 from 46.3 per cent in 2000-01. This underlines the growing importance of the BRICS region as a key export market vis-à-vis the developed markets. However, growth in India-BRICS trade isn't homogeneous across...
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...Promotional Activities of Indian Tourism v/s Other Countries Course: International Marketing Management Indian Institute of Foreign Trade, New Delhi Executive Post Graduate Diploma in International Business (EPGDIB 2012-14) Topic: Promotional Activities of Indian Tourism v/s Other Countries Faculty: Prof. Rakesh Mohan Joshi Submitted By: Soniya Agnihotri Roll No 72 EPGDIB 2012-14 1 Promotional Activities of Indian Tourism v/s Other Countries www.incredibleindia.org 2 Promotional Activities of Indian Tourism v/s Other Countries Table of Contents 1. Executive Summary Objective Pedagogy 2. Indian Tourism Promotional Activities in the International Arena Vision Statement Major Issues: Is India really ‘Incredible’? 3. Why nation branding is important for tourism? 4. Comparison of tourism promotion activities of India v/s other Countries Travel and tourism Competiveness Index Comparison of India with top five tourist destination in the world Comparison of India with top five tourist destination in the Asia-Pacific region Conclusion based on the comparison 5. Major Challenges for Indian Tourism Industry 6. Critical Evaluation Brand Planning & Strategy Comes First Successful Advertising Does not equal Brand Strategy 7. Tourism promotion and success strategy 8. References 3 Promotional Activities of Indian Tourism v/s Other Countries Executive Summary Objective: This study has been undertaken to put light on the various nuances of the Indian tourism...
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...Country Evaluation: India Describe the country of investment. Include the following: Economic structure, indicators and risk Throughout India the economic structure differs greatly from state to state. India is known for having one of the fasting growing economies in the world. This has a lot to do with the huge population in India. Capital, labor, and productivity growth have been the main contributors to the economic growth in the country. In recent years the Indian government has made great strides in strengthening the economy. Despite this push by the government there are still several very poor areas and the country still has a lot of uneven economic stability and because of this there is still a lot of room for improvement. The widespread poverty throughout India is one of the biggest challenges the country faces (Dasgupta & Chakraborty, 2005). For many years the Indian government had several rigid policies to discourage foreign investments but in recent years these policies have been under reform. Most of the growth that the economy of India has seen in recent years has been due to internal growth. The country depends very little on exports and this has been an advantage for their stability. When foreign countries have economic problems and in recent years when there are been global economic crisis, the effects are not felt as much on the Indian economy. India has a very good education system which is great for their economic growth. Unfortunately...
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...China and India during the medieval era. Susana Gutierrez His/276 April 30, 2014 John Randall. China and India during the medieval era Most of the tribes of Eurasia were nomads with no real laws or a set place to live the simple move from place to place once they run out of resources for them and their herds of animals which was their livelihood. The nomadic lifestyle these tribes had made it difficult to avoid conflict with other tribal communities the way they manage their social and political laws was through family name, clans and tribal confederation. In their search for greener pastures sometimes they would fight for the same resources. The community that lost would move far away or make allies with another tribes to be stronger against all other to avoid extinction or slavery. The way they acquire goods was trading with other communities when they could not get it, they would use force and violence raids were a common against other nomad groups, but farms were not spare either. The farmers were no contest for the nomads such as the Xiongnu. One of the reasons China built the great wall. The Turks frequently exploited China and fought often amongst themselves. In history of Sui Dynasty tells us how the Turks rather fight each other than to live peacefully amongst each other, but the Turks run into the Tang Dynasty in china and disappear shortly after. In the 8th century the Vighors decided to create a new society in Mongolia and...
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...6, No. 2, June 2015 ISSUES AND CHALLENGES IN THE SUPPLY CHAIN OF FRUITS & VEGETABLES SECTOR IN INDIA: A REVIEW Saurav Negi1 and Neeraj Anand2 1 Doctoral Research Fellow, Centre for Continuing Education, University of Petroleum and Energy Studies, Dehradun, India 2 Professor and Head (LSCM & Operations), College of Management and Economic Studies, University of Petroleum and Energy Studies, Dehradun, India ABSTRACT Purpose- The entire supply chain of Fruits and Vegetables in India is laden with various issues and challenges. To list the possible challenges and suggest a way forward, there is a need to study the supply chain of Fruits and Vegetables sector in India. So the purpose of this paper is to discuss the supply chain of fruits and vegetables sector in India and explain the issues which are affecting it. Authors also suggested the corresponding mitigation strategies to overcome the identified issues and challenges. Design/methodology/approach-Descriptive research has been used for this study. The supply chain of Fruits and Vegetables sector has been explained and attempt has been made towards identifying the issues affecting the supply chain of the sector. The present study undertakes a thorough review of basic and contemporary literature available and tries to explain the factors affecting the supply chain of Fruits and Vegetables sector in India. The literature has been divided into various themes according to the issues in the supply chain and...
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