Although India has lagged behind China since both countries opened up to the world in the 1980s, the Indian government is now taking steps to finally challenge its biggest economic competitor.
Research and publish the best content.
Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
Already have an account: Login
International Economics: IB Economics
8.5K views |
+1 today
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
 Your new post is loading...
Your new post is loading...
|
Scoop.it!
Lifted by India, South Asia regains its growth lead but still lags on jobs. Will the 1.8 million young South Asians reaching working age each month be left behind?
Graham Watson's insight:
Fascinating stuff from the World Bank, looking at the fastest growing region in the world, South Asia. But questions remain: exports remain flat, and there are concerns about whether South Asia can create enough jobs for young people who are entering the workforce, as the working population has grown.
Does this mean jobless growth, and what are the implications of this for development? 
|
Not content with Africa, being the new China, I give you another perspective: will India be the new China. (I suspect I will finish with 'Is China the new China?')
Â
However, many commentators have always thought that India is going to overtake China at some point. Why? Demographic advantages - a younger population, a more literate population; the benefits conferred by the English language and the good fortune to have inherited English institutions; the potential labour pool available, given that India has lower levels of urbanisation relative to China.