But India could catch up if it successfully encouraged private companies to compete and survive, put a check on poorly performing financial institutions and those yielding to political compromises. These measures could help boost India's savings and investment. On the other hand, China also needed to catch up with India's institutional strength (Prime).
But both continue to be plagued with respective problems. China continues to suffer from serious situations, such as an uneven competition in the private sector, a very sluggish financial sector, and trade patterns, which enhanced foreign but not domestic markets. It appears ahead of India because of the time element. It instituted reforms more than a decade before India's. Nothing could tell when and how India could catch up or match China's phasing. Some critics assumed that China's successes became the basis of its regional leadership in the 21st century. Understanding the underlying forces behind the development of their respective economy could determine which was clearly ahead (Prime).
Different articles discussed the life sciences industry in China, outlook in India, a supportive environment for outsourcing in China and outsourcing to India (Business Editors 2007). The life sciences industry article tackled specific developments in China and changes in its biopharmaceutical industry, specifically biologics, pharmaceuticals, bio-services and chemicals. The outlook on India discussed market size, anticipated growth, therapeutic area, its top 10 companies, and the current position of the country. The supportive environment for outsourcing to China discussed the prospects of a strong government support, the establishment of an emerging middle class, lower research and development costs, higher talented and lower-costing human capital, and resources for the biotechnology, pharmaceutical and outsourcing sectors. And outsourcing to India considered cost advantage, research infrastructure, the clinical market and increase in outsourcing opportunities for Western investors and health service providers. Policy changes appeared necessary to handle stiff administrative price controls, high import tariffs and tax and current patent laws, which were problem areas in India's pharmaceutical industry. In China's case, protection of intellectual property, a strong capital market, better observance of regulations and the language barrier were the issues needing to be addressed. The articles would use business models for application in both countries in areas such as partnerships, mergers and acquisitions, joint ventures, and relocation with outsourcing links (Business Editors).
A study group investigated the feasibility of a foreign trade agreement for China and India in April 2005 (Srivastava 2006). Such an agreement, under the World Trade Organization, implied a zero duty on goods. But it did not cover services, FDI or movement of persons. The study recommended that both countries should identify and remove trade and non-tariff barriers, which actually hampered their expanding bilateral economic cooperation efforts. These problems could be solved without the need for a foreign trade agreement. As conditions indicated, bilateral competition between them tended to grow on account of their greater share of high-technology products and services. China has efficiently...
China's Rise: The strategic Stake While we have so far discussed the positive economic impact of a growing China from the perspective of Australia, there are also some concerns about China's growing stature and the changing strategic balance. As a communist nation, the U.S. And its allies including Japan have always viewed China with caution. China has repeatedly claimed that it is fully committed to peaceful economic growth as Zha Peixin,
America's engagement with China, with historic ice-breaking between the two countries carried out by Henry Kissinger, has been complicated. I would suggest that it were the U.S. domestic preoccupations and compulsions that did not allow me to take any bold stance on the issue of Dalai Lama. I disagree with notion that U.S. betrayed the cause of human rights while not choosing to visit Dalai Lama. It must not be
' Indians across the political spectrum, especially the country's powerful nuclear weapons establishment, are critical of the NPT, arguing that it unfairly warps international hierarchies to the disadvantage of the non-nuclear-weapon states" (1998:15). In its efforts to balance the pressures from the international community with its own self-interests in formulating foreign policies, the position adopted by India has been starkly different than other countries. In this regard, Karp concludes that,
history of China's importance to the U.S., from Nixon's visit to China in 1972 to the present, which contributed to the implementation of Obama's 'U.S. Pivot to Asia Strategy'? The Cold War represented one of the most important periods in the history of the world. It did not only changed the way in which the political world was configured following the end of the Second World War, but, at the
Foreign Policy of China (Beijing consensus) Structure of Chinese Foreign Policy The "Chinese Model" of Investment The "Beijing Consensus" as a Competing Framework Operational Views The U.S.-China (Beijing consensus) Trade Agreement and Beijing Consensus Trading with the Enemy Act Export Control Act. Mutual Defense Assistance Control Act Category B Category C The 1974 Trade Act. The Operational Consequences of Chinese Foreign Policy The World Views and China (Beijing consensus) Expatriates The Managerial Practices Self Sufficiency of China (Beijing consensus) China and western world: A comparison The China (Beijing
According to Toronto Star reporter Stephan Handelman in an article printed in 2005, the U.S. senior intelligence analysts consider China to be the greatest long-term threat to U.S. stability. China's military force and computer intelligence has reached its peak. Both the Europeans and the U.S. agree that the expansion of the Chinese military is more than "worrisome." Another article posted on November 16, 2007 by the Washington Post claims that spying
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