The Elephant & The Dragon
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This document compares economic indicators of India and China and analyzes reasons for their differing growth rates. It summarizes China's economic reforms that shifted workers from agriculture to manufacturing and export-led growth. China benefited from coupling cheap labor with Hong Kong's business networks. However, questions remain about sustainability of China's high capital-output ratio and fragmented industrial structure. India faces infrastructure, policy and regulatory challenges to achieving sustained high growth.
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2) Technological change (represented by total factor productivity) contributed 30-40% of growth on average but its contribution declined in later decades.
3) The remaining 10-20% of growth was due to improvements in efficiency and unaccounted factors like conflict, climate, and policy changes.
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The document provides an overview of the Japanese economy. It notes that Japan has a GDP of $5.45 trillion nominal and $4.3 trillion PPP, with GDP growth of 0.3%. Services make up 75.7% of GDP. Exports total $756.2 billion with main partners being China and the US, while imports total $636.8 billion mainly from China and the US. Public debt is 225.8% of GDP, the highest in the world. Major industries are dominated by a few large conglomerates. The government plays an active role in the economy through various ministries and policies.
India & China -A Comparative Analysis-YASH JAIN
This document provides a comparative analysis of the economies of India and China. It summarizes that both countries had very poor and isolated economies 50 years ago but have since emerged as economic giants through economic reforms and rapid growth. India's growth started in 1991 with an average rate of 6% over the past two decades, while China's began in 1978 with an average of 9.5%. China has specialized more in mass manufacturing while India's strengths are in services like software and call centers. The document outlines key statistics and growth trends in the economies, populations, currencies, agricultural, manufacturing and service sectors of both countries. It also discusses some of India and China's current economic challenges and prospects for cooperation and impact on world trade by 2020.
Strategizing the Covid-19 response for a country (Biswadeep Ghosh Hazra) - {N...
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Problem Statement- Asses the situation of China and, after a round of brainstorming, googling and fact-checking, come up with a solution that can liberate the country of its present problems. The solution that you are providing must take into account how China can lure in companies, solve its COVID crisis, internal issues and pay its labours sufficiently.
The case study entailed making a countrywide strategy in the wake of the COVID-19 crisis. My solution revolved around suggesting the country from being a manufacture driven economy to a service-driven one, as almost all developed nations have a strong service sector that contributes a significant chunk to the GDPIndia Emerging
The document provides an overview of the Indian economy as an emerging global power. It notes that India is the 10th most industrialized country and 4th largest economy by GDP at purchasing power parity. Some key points include:
- India has a strong services sector accounting for over 50% of GDP, with industry and agriculture making up the remainder.
- The economy has experienced strong real GDP growth of over 9% in recent years and corporate earnings growth over 20%.
- Projections estimate India's GDP will surpass Japan's by 2032 and per capita income will increase 35-fold by 2050, cementing India as the third largest economy.
India Emerging
The document provides an overview of the Indian economy as an emerging global power. It notes that India is the 10th most industrialized country and 4th largest economy by GDP at purchasing power parity. Some key points are:
- India has a strong services sector accounting for over 50% of GDP, with industry and agriculture making up the remainder.
- The economy has experienced strong real GDP growth of over 9% in recent years, with corporate earnings growth over 20%.
- Projections estimate India's GDP will surpass Japan's by 2032 and per capita income will increase 35-fold by 2050, cementing India as the third largest economy.
I N D I A N E C O N O M Y
This document summarizes key features of the Indian economy, including its transition to more market-oriented reforms since 1991. It notes that historically India has struggled with low incomes, poverty, and unemployment. Since economic reforms began in 1991, India has experienced faster GDP growth and rising incomes, though poverty reduction has been slower and inequality remains high. The impacts of globalization and reforms have been mixed, with concerns around issues like jobless growth, regional disparities, and ensuring benefits reach the poor. Overall the economy still faces challenges in generating sufficient employment and raising living standards across the population.
Indian Economy & Globalisation
The document discusses globalization and its impact on the Indian economy. It notes that globalization has led to new trade and production patterns in India, with developing countries like India now able to produce finished goods rather than just exporting raw materials. It also discusses India's growing economy, with rising GDP, exports, FDI inflows, and per capita income. However, it notes India still faces challenges of unemployment and balancing economic growth with political demands.
Indian economy.ppt.ppt
This document provides an overview of the Indian economy through analyzing various economic indicators and trends. It discusses that India has over 1 billion people, with 28% living in urban areas. The economy has experienced high GDP growth of around 9% in recent years. However, poverty and unemployment remain problems, with 27% of Indians living below the poverty line and the unemployment rate at 7.3%. While the service sector has grown significantly, around 60% of Indians still work in agriculture and the informal sector without social security. Overall the economy has liberalized and opened up since the early 1990s, but development remains uneven and greater regular employment is needed for more inclusive growth.
Economyofchina 140815014720-phpapp01
China has the world's largest population at 1.35 billion people and the second largest economy. It adopted a socialist market economy and has experienced rapid economic growth, becoming the largest exporter and manufacturer. China's economy is driven by industry, services, and agriculture. While it has transitioned from a planned economy to market reforms, challenges remain such as a slowing economy, inflation, and corruption.
S13c4 chapter 4-facts and figures on economy.
Here some of the facts and figures related to the economy of the nation and the world is given. Some facts like how economy is distributed to the various purposes including repaying the interest for the loans, various segments accounting for the employment and income generation, why some country remain as the low income nation, economic planning and so on.
Economy of china
China has the world's largest population of 1.35 billion people and has transitioned to a socialist market economy. It has the second largest economy globally based on GDP and is the largest exporter and second largest importer of goods. China's economy was previously based on communism under Mao but has since implemented economic reforms, shifting from agriculture to industry and services. While China has seen strong growth, its economy is now slowing, due in part to weak external demand from the US and Europe and issues like high domestic debt levels, inflation, and corruption.
Investment theory (final edition)
Korea has the 15th largest economy in the world. After recovering quickly from the 1997 Asian financial crisis, Korea has maintained steady economic growth and low unemployment. The two main types of foreign investment in Korea are foreign direct investment and portfolio investment, both of which have requirements under the Foreign Investment Promotion Act to facilitate investing in Korea. Logistics is highlighted as a promising sector for foreign investment due to Korea's location and growing logistics market.
KTG w/ John Doggett 4.13.10- "Global Trade Outlook"
We are in the eye of a hurricane in global trade, unlike anything anyone has seen in recent history. Andy Grove calls this time a strategic inflection point, “a time in the life of a business [or country] when its fundamentals are about to change. That change can mean an opportunity to rise to new heights. But it may just as likely signal the beginning of the end,” (Grove, Only the Paranoid Survive). Our rules of thumb and assumptions are no longer valid, and countries we hadn’t considered to be competitors in the past are emerging ahead of the US. Listen and learn as Professor Doggett examines recent global trends and zeroes in on the future global economy as impacted by recent Chinese economic growth.
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The Elephant & The Dragon
- 1. The Elephant & The Dragon Abhishek Jain
- 3. Source CIA World Factbook India China Population (July 2006) 1.1 b (1.38% ) 1.3 (0.59%) GDP (exh rate) (2006) $796.1 billion $2.512 trillion GDP (PPP) $4.042 trillion $10 trillion GDP Real Growth 8.5% 10.5% Per Capita GDP $3,700 $7,600 Agriculture 19.9% 11.9% Industry 19.3% (g = 7.5%) 48.1% ( g = 22.9%) Services 60.7% 40% Labor Force 509.3 million 798 million Inflation rate (CPI) 5.3% 1.5% Investment 29.2% of GDP 44.3% of GDP Debt - external $132.1 billion $305.6 billion
- 4. China Story
- 5. Why China is growing fast? Prior to the 1978 reforms, nearly four in five Chinese worked in agriculture; by 1994, only one in two did.
- 6. Pillars of Performance Chinese reforms started with agriculture. Incentive to use underutilized land and labor resources intensively. When rural incomes rose, the demand for non-agricultural output increased proportionately. Labor-intensive manufactures for export promotion by developing infrastructure mainly in the southern coastal cities using FDI Diaspora to substitute lack of local entrepreneurship & technology
- 7. Pillars of Performance … Marry Chinese cheap labor resources with Hong Kong's market-based institutions, business organizations and supply chain networks to make a successful entry into the world market
- 11. Expectation
- 12. Reality
- 14. India – World Factory?
- 15. India Infrastructure Challenge High cost of power Inefficient ports Poor Roads Railway cross subsidize passenger with freight
- 16. High Cost of Finance
- 17. Way to go!
- 18. Social
- 19. Red Indian How will India rein in its fiscal deficit? How will India discipline its political class? How will India deregulate its over-regulated economy?
- 20. How long will world remain Flat?
- 21. Globalization has Improved the Inflation and Growth Trade-Off
- 22. Is China's growing lead over India irreversible?
- 23. Chinese Whisper Infirmities in its microeconomic, institutional and entrepreneurial bases raise doubts on the sustainability of its superior performance. High capital-output ratio suggests excess capacities, and probably misallocation and wastage of capital resources. Industrial structure fragmented by scale and location leading to poor efficiency Legal framework of business is still rudimentary Lack entrepreneurial groups Collapse of D'Long - China's largest private company with operations worldwide
- 24. China’s Capi-toll Capital stock grew by nearly 7 percent a year over 1979–94 But capital-output ratio has hardly budged. Production of goods and services per unit of capital remained about the same. Financing of unprofitable investment – Political rather than economic decision logic! NPA between 25 – 50% of GDP
- 25. Chalte Chalte 2005 Data