Dragon vs Tiger: Who's stronger in China-India race?

Dragon vs Tiger: Who's stronger in China-India race?



Hochgeladen von RussiaToday am 17.07.2011

The world's two fastest growing economies with the world's largest populations, India and China, appear to have reached an economic face-off in the battle for Asian supremacy. ­The giants have huge mutual export amounts, but it is mostly raw materials on India's part, while China sells manufactured goods, which is putting New Delhi at a growing disadvantage. But where India led the way in IT and back offices, China raced ahead in mobilizing its masses onto the factory floor, fueling a huge trade deficit and a reality India is forced to accept. "China is known as the manufacturing hub of the entire world," admits Swaran Singh, Professor of international politics, organization and disarmament at Jawaharlal Nehru University, New Delhi India. "A lot of people believe that the whole developed world is using China for manufacturing because they are using their environment, their resources and their labor to produce things that we will utilize." India boasts world-class space and nuclear programs, yet struggles to create everyday jobs making everyday goods. Something a cotton tycoon that talked to RT knows all too well. It is cheaper for him to export to China to get the job done, then let India buy it back.
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