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Compare the modes of insertion of China and India in the worldwide economy

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  1. Introduction
  2. The process of market research on the Internet
    1. Recall the general approach of market research
    2. Choosing the format of the study
  3. The data collection
    1. The choice of a method of data collection
    2. Choosing the format of the questionnaire
    3. The risk of bias
  4. Conclusion

Despite several similarities (population size, high growth rate for ten years), it nevertheless appears that many elements distinguish the two giants China and India. Initially, we will draw up an inventory of these two economies in perpetual change, by studying their characteristics (development strategies, specializations). We will then analyze particular specializations of China, using economic tools (HOS theorem).

In the second step, we compare their methods of access to the World Trade Organization, and adopt a more critical view of the future by showing the hidden face of growing Chinese and Indian (increasing inequality) economies, and the factors that could hinder it(internal factors but also external: oil demand from India and China). This will qualify the optimism around the existing Chinese and Indian growth.

First observation of a general nature: to support economic development, China and India have rested on the respective industry and services. For China, the industry accounted for 53% of GDP in 2003, against 22% in India alone, while services represented in 2003 32% and 56% of the GDP of China and India.

The efforts that China has devoted to liberalize its economy and modernize its infrastructure since the beginning of the reform period in 1978 allowed him to become a more attractive destination than India for foreign investors. However, even though India has begun to implement its economic reforms a decade after China, it has developed the industries in which the returns on investment are high.

Still, the Chinese economy is more integrated into the global economy, through trade in goods and investment. Indeed, foreign investment in China accounted for more than $ 50 billion in 2004 while they were less than $ 5 billion in India. The figures for China are somewhat overstated; however, in effect, a share of foreign direct investment in China includes the Chinese capital coming out of China to Hong Kong, and then return to China. They are not "real" foreign investment.

China draws much of its economic strength of its industrial sector, specifically the production and export of manufactured goods. The major sectors of Chinese industry are: steel, automotive, textile, fabrics and son, electrical equipment (appliances, consumer electronics, computers, mobile phones, telecom equipment, electronic components, and audio-visual equipment with large groups such as Changhong, Greatwall, Haier, Huawei, Lenovo, and TCL).

Televisions, computers and cameras are newcomers in the field of goods produced and exported by China, they added to the list of goods traditionally exported by China: the low-end appliances, textiles and toys.

Going further in our study, China specializes in the production of manufactured goods, but what is it for this specialization to its global economic integration? In other words, what proportion of goods made in China that are sold on the domestic market, and what proportion of those destined for export? What about India?

The finding is significant: exports of goods from China, which in 1990 accounted for about 16% of gross domestic product of China, represent the end of 2004 more than 35% of GDP, an increase of 20% in 14 years. Take into account the strong productivity growth in China, which plays a major role in increasing the volume of exports.

Tags: India; China; economy; comparison of economies

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