Earth, a place for living. Everything, every single thing in this universe needs balance. So does economy. USA was the first ranker of biggest GDP in the world. But now, it’s China.
Chindia written by Peter Engardio. This book is about China and India, and how their economics grow. Mostly, economists said that they have somethings to grow bigger and top rankers in the future.
What are the reasons?
- Demographic
China and India are the first and the second the most populous country in the world. It affects the supply and demand of goods and services.
2. Investments
Investments are like petrol for a bike, or food for a human. Investments empower the human resources and natural resources. China’s investments are 42-45% of its GDP, and China’s economic growth is about 9. 5% per year. India’s investments are 22-25% of its GDP, and India’s economic growth is about 6% per year.
3. Technology
India’s brainpower getting invade around the world, China’s cheap goods invade around the world. They are bold and supported by technology and high quality human resources with low cost.
to be continued….
T Y W O R D S 