Without any doubt has the focus of the world economy shifted from the US, Europe and Japan towards the emergent markets of China and India. Both economies have shown tremendous growth rates over the last years. However are both countries different and have chosen a completely different growth model. While China pursued a top-down investment, FDI and production driven path, focused India on an indigenous, service industry orientated growth model. China was able to outperform India in economic terms so far but which of the both growth models is the more sustainable one? This question is to be answered in this article. In section 2 both growth models will be portrayed. In order to answer the question which model is more sustainable the term of sustainability will be defined at the beginning of section 3 before the three different spheres of sustainability will be analyzed. The paper will end in chapter 4 with a conclusion, which is providing an answer to the original question and will also address future challenges for both countries in order to sustain its growth.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Comparison of the Different Growth Models
- China
- India
- Sustainable Growth
- Definition of Sustainable Growth
- Spheres of Sustainable Growth
- Economic Sphere
- Social Sphere
- Environmental Sphere
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This article aims to compare the growth models of China and India, analyze their sustainability, and determine which model has been more successful in achieving sustainable growth. It focuses on the different approaches adopted by each country in achieving economic growth, examining the impact of these approaches on various aspects of sustainability.
- Comparative analysis of Chinese and Indian growth models
- Definition and application of the concept of sustainable growth
- Evaluation of the sustainability of the two growth models in economic, social, and environmental spheres
- Examination of the impact of foreign direct investment (FDI) on domestic entrepreneurship in China and India
- Discussion of future challenges for both countries in sustaining their growth
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This section introduces the topic of the article, highlighting the shift of the global economic focus towards emerging markets like China and India. It contrasts the two countries' growth models, emphasizing China's investment-driven approach and India's focus on service industries.
- Comparison of the Different Growth Models:
- China: This chapter delves into China's transition from a planned economy to a market-based economy, analyzing the implementation of reforms starting with agriculture and expanding to industrial and export-oriented sectors. It highlights the role of "special economic zones" (SEZ) in attracting FDI and fostering export growth.
- India: This chapter outlines India's evolution from a socialist model to a more market-oriented economy, emphasizing the impact of the 1991 reforms on industrial and service sectors. It examines the growth of India's informal economy and the emergence of world-class companies through indigenous growth.
- Sustainable Growth:
- Definition of Sustainable Growth: This section defines sustainable growth, emphasizing its multi-dimensional nature encompassing economic, social, and environmental aspects.
- Spheres of Sustainable Growth: This section explores the three key spheres of sustainable growth: economic, social, and environmental. It examines the impact of the Chinese and Indian growth models on each of these spheres.
Schlüsselwörter (Keywords)
This article focuses on the key themes of sustainable growth, economic development, growth models, emerging markets, China, India, foreign direct investment (FDI), service industries, informal economy, and domestic entrepreneurship. It explores the sustainability of different growth models in achieving long-term economic development while considering social and environmental implications.
- Arbeit zitieren
- Sven Bähre (Autor:in), 2012, Has China or India Achieved More Sustainable Growth?, München, GRIN Verlag, https://www.grin.com/document/212527
