Question 1
China and India have emerged as major economic forces, each following their own paths to economic liberalization and globalization. Describe the separate circumstances and strategies which led to their current success. How did communism influence each country and what challenges did their leaders face in making the transition to global capitalism?
China and India have emerged as major economic forces, each following their own paths to economic liberalization and globalization. To start with, China significant move towards economic growth began in 1990s. The government removed price controls (allowing forces of demand and supply to control prices). In addition, it ...
