The aim of this thesis is to compare the Indian future economic situation with China´s future economic situation. In order to get an outlook for China and India, the past and the changes now must be considered.
Until recently, India and China stood for poverty and backwardness. Among the leading economically strong countries in Asia were Japan, then Hong Kong, Singapore, Taiwan and South Korea. Within a very short time, this has changed radically: For just 20 years China and 10 years India have both been among the world's high growth regions and investment magnets.
If we look at the current situation in the world, China is one of the leading countries when it comes to exports and is also technologically ahead of many countries. On the other hand, India is a country that is just starting to grow economically.
India is seen as one of the BRIC countries along with Brazil, Russia, and China as a new economic power to help the world economy out of the crisis. Due to the current outbreak of the coronavirus, China is experiencing many negative effects. Not only because of the number of ill and dead people in China, but also on an economic level. This leads to the collapse of the economy in China.
To what extent will Chinese trade with the world be affected and can Chinas economy recover before that or will India overtake China economically and become wealthier?
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Problem Discussion
- The aim of this work
- Research question
- Hypotheses
- Methodology
- Theoretical background
- India economics
- India's economic development in the colonial era
- The independence of India after the colonial period
- India's reforms
- India Economic growth
- Chinas economics
- Country information
- Political system
- Histroical reforms
- China's economic growth
- Comparison of Chinas and India economic (Analyse)
- Future expectation
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This thesis aims to compare the future economic situations of India and China. To gain an outlook for both countries, the past and current changes must be considered. Theories of international trade, comparative advantage, foreign direct investment, and Rise and Decline of Nations by Mancur Olson will be applied to achieve this comparison.
- Economic development of India and China in recent years.
- Progress in the labor markets of both countries.
- Investment rates in India and China.
- Economic opportunities and deficits in both countries.
- The influence of the current global economic situation on India and China.
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the topic of India vs China, highlighting their economic growth and the impact of China's trade on the world. It also discusses the impact of the coronavirus outbreak on China's economy and raises the question of whether India will surpass China economically.
- Methodology: This chapter explains the use of both qualitative and quantitative methodologies to analyse economic data. It emphasizes the importance of combining these approaches for a comprehensive understanding.
- Theoretical background: This chapter provides a theoretical framework for understanding the economic development of India and China. It will likely discuss relevant economic theories like comparative advantage, international trade, foreign direct investment, and Mancur Olson's theory of Rise and Decline of Nations.
- India economics: This chapter delves into India's economic history, including its economic development during the colonial era, post-independence period, and its reforms. It will likely analyse India's economic growth and its current economic situation.
- Chinas economics: This chapter explores China's economic landscape, including its political system, historical reforms, and economic growth. It will likely discuss factors contributing to China's economic success and its current economic challenges.
Schlüsselwörter (Keywords)
The main keywords and focus topics of this thesis include international trade, comparative advantage, foreign direct investment, economic growth, labor markets, investment rates, economic opportunities, economic deficits, and the Rise and Decline of Nations theory. These terms will be used to analyze the economic development of India and China and to compare their future economic prospects.
- Quote paper
- Ramla Bashir (Author), 2020, The Future Economic Situation of China and India. A Comparison, Munich, GRIN Verlag, https://www.grin.com/document/995509
