China & India: Rapid Economic Growth -- Additional pages
Additional Introduction / Conclusion Copy
How did China and India emerge so rapidly as enormous economic powers? This paper reviews the circumstances of the economic advancement that both countries have made, and establishes that these nations became economic powerhouses due to the sheer size of their economies -- along with the strategies they employed.
The Indian economy has been among the "fastest growing economies" in the world since the late 1980s, according to Kunal Sen, writing in the peer-reviewed journal Contemporary South Asia. He insists that most experts (in "the international financial press") are incorrect when they assert that the Indian economy began to accelerate following the "radical economic reforms of 1991" (Sen, 2009, p. 364).
In fact, Sen writes, the gross domestic product (GDP) per capita began to rise "…in the late 1970s, and has kept on steadily increasing over the last two decades of the twentieth century" (364). What difference does it make exactly when the Indian economy began to flourish? Sen says knowing when it began to really take off dramatically holds "…the key to the puzzle that has engaged India-observers in recent years," and that is, why indeed did growth accelerate in the late 1970s to the early 1980s? (365).
The author asserts that the acceleration in growth is due in large part to the "surge in private investment in machines." On page 369 Sen explains his reasoning: machinery investment matters for economic growth more than other types of investment because "…the role of external economies is greater for machinery investment than for housing investment" because machinery investment requires "a great amount of research and development expenditures" (369). The increase in India's investment in machinery explains both the "faster rate of accumulation of capital" and it also explains the dramatic increase in productivity, which continues today, more than 20 years after the surge began, according to Sen (369).
Meanwhile, there is one clear component of India's economy that has helped this largest of the world's democratic nations become so powerful economically -- and that is the construction sector. According to authors Hrushikesh Mallick and Mantu Kumar Mahalik, writing in the Journal of Real Estate Finance and...
Several factors should be considered before the restrictions are lessened. The relaxation of the policy will only be considered if there is an ample amount of evidence showing that low fertility rates will be sustained. Current studies show that China is transitioning into a small family culture. In 30 pilot counties the policy has been lifted, allowing couples to choose their family size (Poston, 2002, p333-47). However, the National Family
China's One-Child Policy In 1981 the Chinese government implemented the reproductive health program, also known as the one-child policy. This policy was intended to limit the number of births per family in order to stem a growing concern about over-population. This paper takes the position that while the population in China has stabilized, the overall effect of the policy has been detrimental to the nation in the long-run. Chinese officials insist
Conclusion China's growth rate has slowed dramatically in the last 30 years under the auspice of the One-Child Policy. In fact, at this point it is believed that growth rate is under 2% and that the population replacement rate is at 2.1%, meaning that if these numbers are accurate and hold up, the population of China could actually decrease at some point in the future. Hence, the One-Child Policy could be seen
China's One Child Policy Historically, it is noted that Mao Zedong, once a China president encouraged population growth which saw the population of China almost double during that period of his leadership. This led to overpopulation and the stretching of the social amenities and most importantly the economy. In order to address this challenge, the one -- child policy was introduced in China. This is a policy which forbids any family
China's One Child Policy In the last part of the 20th Century, China, also known as the "sleeping giant," has transformed itself from a predominantly rural, pre-industrialized society to a political and economic challenger. Since the Maoist Revolution of 1949, also known as the Great Patriotic Revolution, China has transformed itself from a feudal system to one of the world's faster growing economies globally. China is huge -- in both geography
Child Policy in China Button, G. (2011). China's One-Child Policy and the Population Explosion. Indian Journal of Economics and Business, 10(4), 467-474. Button is an accomplished author of various scholarly texts and is a holder of a masters of science in education and a bachelor's degree in international studies. In the past, Button has worked as a Research Assistant at the University of Denver, and more recently, he assumed the position
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