The rise of China and India as change factors will make things different not just for the existing superpowers, but also for the developing countries. They will have to put up will strong pressures which will arise due to the enormous size of the Indian and Chinese economies. The fact that the prices for primary goods have been going upwards is caused by the demand pull from India and China. The exports from these countries are also starting to make a difference at international level, which will surely leave a mark upon the dynamics of the world's economy. The countries which are undergoing development phases will need to adapt to a new global reality and face their competitors while understanding their very approach to business.
Even the countries which benefit from the high demand coming from China and India (such as the ones exporting raw materials) will be facing challenges such as higher demand (bigger volumes, increased prices).
The fact that India and China are becoming more powerful from a political point-of-view will allow them to have a say when international policies will be formulated, policies regarding important aspects such as the one of trade. They will also be able to impose their own standards (China already has its own organic standard, the Green Food label).
As far as further political issues are concerned, one of the most poignant questions that comes to mind refers to the decision that India and China will take when the time comes for them to favor a side or another. India for example manifested its support for the developing countries in various occasions, nevertheless, things may change and the night rising superpowers might look after their best interest which may not coincide with the best interest of the rest of the world.
It is important to underline that while both China and India are undergoing a similar process of development, gaining more power at global level, this does not mean that they think alike and they have common purposes. Juts because they are both from the east side of the world does not make them identical. Despite the similarities that can be found between them there are also numerous differences which need to be taken into consideration.
Another interesting aspect is represented by the areas in which India and China are most likely to assume a passive role and which are the areas where they would rather prefer to be proactive. and, as far as the fields where they will choose to be proactive are concerned, do they have the know how and the skills which are necessary in order to make an efficacious choice at global level? The implications of their actions will be felt at global level because the importance of their economic and political systems allows it.
It will also be interesting to see the type of power they two countries will choose to adopt. Should they continue to develop at a constant rhythm, they will be able to influence other political actors directly, but also manifest an institutional power, influencing the others by deciding the very manner in which things ought to be done.
In addition, it will just as interesting to observe the relationship that will develop between the countries under discussion and also, the approach they will have regarding the international rules and the challenges of globalization.
Globalization may have numerous advantages for the political and economical systems throughout the world, but its trends may cause potential risks as well, especially when judging from a long-term perspective. there are various imbalances in the Asian area. They need to be analyzed and measures must be taken in order to address them.
An important issue is represented by the ageing process. The rate of old people will continue to grow and this will have important consequences at both social and economic level. At present there are about four people working for each retired person. Studies and research predict that the percentage will diminish to half of what it is. Half of the elderly people will be found living in the Asian area even if the ageing rhythm will differ from region to region. This means that a whole new approach to economy will have to be considered.
The human resources are fundamental for the development and functioning of any business. Their scarcity will have a strong impact upon the entire economic mechanism and it will surely have an impact upon the political system as well.
As far as migration is concerned, it must be stated that compared to the times when...
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