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Essay / Research Paper Abstract
A 10 page paper. The world's two most populous countries have been undergoing immense change over the past two decades. Each has become the focus of many of the world's multinational organizations, and each has come to play important roles in the shift of labor in developed nations. India and China economically were fairly equal in years past, but such is no longer the case. China's growth resulting from international involvement began earlier and has grown faster than India's, but that is not the only source of the economic divergence between the two countries. China has pulled in front of India, and it appears that the gulf between them will only widen in the near future. Bibliography lists 8 sources.
Page Count:
10 pages (~225 words per page)
File: CC6_KSchinIndiaEcon.rtf
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Unformatted sample text from the term paper:
worlds two most populous countries have been undergoing immense change over the past two decades. Each has become the focus of many of the worlds multinational organizations, and each
has come to play important roles in the shift of labor in developed nations. India and China economically were fairly equal in years
past, but such is no longer the case. Chinas growth resulting from international involvement began earlier and has grown faster than Indias, but that is not the only source
of the economic divergence between the two countries. China has pulled in front of India, and it appears that the gulf between them will only widen in the near
future. China One of the worlds oldest cultures, China has been undergoing immense social and economic changes over the past generation. It
still rigidly adheres to communist ideology, while yet adopting measures to facilitate freer economic principles. The people are benefiting, but only by default.
The government set about modernizing China as soon as possible after the death of Chairman Mao in 1976. It set apart the Guangdong province in the southeast as
an experimental area, cautiously inviting in Western business in 1978. In addition to its capitalist experiment, the government made households and villages responsible "in agriculture in place of the
old collectivization, increased the authority of local officials and plant managers in industry, permitted a wide variety of small-scale enterprises in services and light manufacturing" (China, 2005), with the result
that GDP has quadrupled since 1978. "Measured on a purchasing power parity (PPP) basis, China in 2003 stood as the second-largest economy in the world after the US, although
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