China vs. India Essay Sample

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Celebrations were held when the seven billionth baby was born this year in Manila Philippines, the large growth of population puts pressure on the economy and government of developing countries. India and China were previously considered third world countries, but they have augmented past that previous label. They are racing to the pinnacle of the world, but only the best will make it. The world’s developing countries have a lot to learn, not just about profit and expenditures, but innovation and quality. India uses many strategies to maintain an economical apex; these include a demographic advantage, a growing democracy as seen through the mass media freedom, and the quality and innovation in India’s industrial manufacturing. The higher ratio of working people to dependents leads to a more prosperous economy. In china they currently have a higher ratio of working people to dependents, but they are at their peak. China’s economy is at its highest point, but when the prosperity balloon expands there is always a pop! In India the ratio of working people to dependents is reasonably high. “In India, by contrast, the demographic window of opportunity is still wide open.

India will have an important demographic advantage — an increasing percentage of working-age people — that will produce favorable conditions for a demographic dividend until around 2030, when the ratio of working-age people to dependents is expected to peak.” There is said to be “a demographic dividend until around 2030” So throughout the next 18 years India’s economy is growing because of its ratio of working people to dependents. China is currently at the top of the world but slowly as China’s income growth and savings is declining India’s is rising to contribute to their economy. “For a minority of the Indian population—but still very large in actual numbers—economic growth alone has been very advantageous, since they are already comparatively privileged and need no social assistance to benefit from economic growth. The limited prosperity of recent years has helped to support a remarkable variety of lifestyles as well as globally acclaimed developments of Indian literature, music, cinema, theater, painting, and the culinary arts, among other cultural activities.” An economy is important for developing countries because it’s the main thing holding them back from the developed status.

India’s “steadily rising rate of economic growth…has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate.” Economy is a main factor that contributes to a countries success, but governmental issues are also subsidized. India follows a democratic government; therefore it allows the people to have a specialized freedom that China’s communist regime overlooks. The people in India are allowed free elections and a democratic voting system as well as uncensored media and a freedom of speech. Their government is structured much like that of the United States. “[In] [India] there are at least 360 independent television stations (and many are being established right now, judging from the licenses already issued) and their broadcasts reflect a remarkable variety of points of view…There is a sharp contrast here with the monolithic system of news casting permitted by the state in China, with little variation of political perspectives on different channels.” The Indian media coverage doesn’t leave anything out.

They have a “remarkable variety of points of view” In China; however the people live with a curiosity that drives them to fear the law and government. The media in China is told specifically what they can and can’t air, leaving “little variation of political perspectives on different channels [in] [China].” A developing country would be better off emulating a government that gives people rights, privileges and freedom than one that restricts them. Lifestyles of the working class can also contribute to a country’s success. With India’s population growth (1.55%) being more than double China’s (0.66%) there are a lot of people with different strategies and attitudes of generating profits. The first strategy is innovation not imitation. China focuses on the imitation of quality goods, which can be found elsewhere. India’s working class believes that a key to success is innovation and quality. Tarun Tadani in Mumbai created a fashion accessory business where it is based off innovation, unlike China’s Billy Wang shoes which were merely and exact copies of designer brands. Another key method at success is the exportation of quality goods in small quantities. China has many exports that are sent out in gargantuan amounts all over the world, but they aren’t quality exports that will last a lifetime.

In India “they make only high value specialist steels, meeting Europe’s most exacting standards. [They] are not just competing with huge producers like China, with a massive output of bulk commodity steel, but here making some of the world’s finest high grade steel. Competing with anything that can be produced in other parts of the industrialized world. Most of this steel meets India’s enormous demands but also goes for export.” Europe not only depends on India’s “high value specialist steel” but some of it also “meets India’s enormous demands.” China is not relied on by any country for steel because their “bulk commodity steel” cannot be trusted. At Mukan Steel in India, they cannot compete with the quantity of China’s major steel industry but they surpass them in quality. They only make steel that fits with Europe’s exact standards and nothing less. They make the finest and most high grade steel. A country with a lot of cheaply made exports compared to a country with a limited amount of high quality goods.

India and China are two fast-growing countries that will one day surpass the rest of the world. Their populations combined are 36% of the world’s populace. Although China is a fast growing country, India is a better model for countries to emulate because of the sense of freedom, the high growing demographics and mindset to create not emulate.

“Design is the fundamental soul of a man-made creation that ends up expressing itself in successive outer layers of the product or service.”–Steve Jobs

References:

David M Adamson, China and India The Asian Giants are Heading Down Different Demographic Paths, page #s, accessed December 6, 2011, http://www.rand.org/pubs/research_briefs/RB9598/index1.html. David M Adamson, China and India The Asian Giants are Heading Down Different Demographic Paths, page #s, accessed December 6, 2011, http://www.rand.org/pubs/research_briefs/RB9598/index1.html. New York Book Review, review of Quality of Life: India vs. China , by Amartya Sen, The New York Book Review , May-June 12, 2011, page #s, accessed December 6, 2011, http://www.nybooks.com/articles/archives/2011/may/12/ quality-life-india-vs-china/.

New York Book Review, review of Quality of Life: India vs. China , by Amartya Sen, The New York Book Review , May-June 12, 2011, page #s, accessed
December 6, 2011, http://www.nybooks.com/articles/archives/2011/may/12/ quality-life-india-vs-china/.

New York Book Review, review of Quality of Life: India vs. China , by Amartya Sen, The New York Book Review , May-June 12, 2011, page #s, accessed December 6, 2011, http://www.nybooks.com/articles/archives/2011/may/12/ quality-life-india-vs-china/.

New York Book Review, review of Quality of Life: India vs. China , by Amartya Sen, The New York Book Review , May-June 12, 2011, page #s, accessed December 6, 2011, http://www.nybooks.com/articles/archives/2011/may/12/ quality-life-india-vs-china/.

New York Book Review, review of Quality of Life: India vs. China , by Amartya Sen, The New York Book Review , May-June 12, 2011, page #s, accessed December 6, 2011, http://www.nybooks.com/articles/archives/2011/may/12/ quality-life-india-vs-china/.

David M Adamson, China and India The Asian Giants are Heading Down Different Demographic Paths, page #s, accessed December 6, 2011, http://www.rand.org/pubs/research_briefs/RB9598/index1.html. BBC, prod., BBC, “China vs. India,” BBC, June-July 9, 2006, Youtube , accessed December 6, 2011, http://www.youtube.com/watch?v=LR504rJhcnw. BBC, prod., BBC, “China vs. India,” BBC, June-July 9, 2006, Youtube , accessed December 6, 2011, http://www.youtube.com/watch?v=LR504rJhcnw. BBC, prod., BBC, “China vs. India,” BBC, June-July 9, 2006, Youtube , accessed December 6, 2011, http://www.youtube.com/watch?v=LR504rJhcnw. BBC, prod., BBC, “China vs. India,” BBC, June-July 9, 2006, Youtube , accessed December 6, 2011, http://www.youtube.com/watch?v=LR504rJhcnw. BBC, prod., BBC, “China vs. India,” BBC, June-July 9, 2006, Youtube , accessed December 6, 2011, http://www.youtube.com/watch?v=LR504rJhcnw. BBC, prod., BBC, “China vs. India,” BBC, June-July 9, 2006, Youtube , accessed December 6, 2011, http://www.youtube.com/watch?v=LR504rJhcnw.

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