Back to the Future
Asia’s economic powerhouses—China and
India—are restoring the positions they held
two centuries ago when China produced
approximately 30 percent and India 15
percent of the world’s wealth. China and
India, for the first time since the 18th century,
are set to be the largest contributors to
worldwide economic growth. These two
countries will likely surpass the GDP of all
other economies except the US and Japan by
2025, but they will continue to lag in per
capita income for decades. The years around
2025 will be characterized by the “dual
identity” of these Asian giants: powerful, but
many individual Chinese or Indians feeling
relatively poor compared to Westerners.
Although democratization probably
will be slow and may have its own Chinese
character...
Right. 民主化, as it happens. More tin-eared writers.
One question that always puzzles me is why India should be, with almost identical population numbers, achieving "progress" less rapidly than China?
No comments:
Post a Comment