China Confidential: Chindia's Rise Will Change the World:
"The 21st century will be driven by markets of emerging nations -not the ideologies of the industrialized world. So says Jagdish N Sheth. An excerpt from his important essay in The Times of India follows.
Among the large emerging economies such as Brazil, Russia, Nigeria and Indonesia, it is the rise of China and India (Chindia) which will have enormous business and public policy implications during the first half of this century. First, both nations will require enormous natural resources because not only are they manufacturing and service centres of the world, but also because of their own rapidly expanding domestic consumer markets. And this demand for natural and industrial resources will be for many years. The rapid aging of Chinese population attributed to its one child policy implemented over two generations will impact its domestic economic growth. On the other hand, India will experience accelerated growth in less than 10 years through better infrastructure, political reforms and financial transparency."
"The 21st century will be driven by markets of emerging nations -not the ideologies of the industrialized world. So says Jagdish N Sheth. An excerpt from his important essay in The Times of India follows.
Among the large emerging economies such as Brazil, Russia, Nigeria and Indonesia, it is the rise of China and India (Chindia) which will have enormous business and public policy implications during the first half of this century. First, both nations will require enormous natural resources because not only are they manufacturing and service centres of the world, but also because of their own rapidly expanding domestic consumer markets. And this demand for natural and industrial resources will be for many years. The rapid aging of Chinese population attributed to its one child policy implemented over two generations will impact its domestic economic growth. On the other hand, India will experience accelerated growth in less than 10 years through better infrastructure, political reforms and financial transparency."
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