International Environment

NAME : ISHITA SONI

STUDENT ID : 16059927

ASSIGNMENT : INTERNATIONAL ENVIRONMENT

International Environment: China vs. India

Table of Contents

Introduction        3

Globalization and the Modern Institutions of Global Governance        4

Historical Growth and Development with Theoretical Models        6

China        6

India        8

Similarities and Differences between China and India’s Growth and Development        11

Conclusion        13

References        15

Introduction

           It is said that globalization has revamped the economic structure of the world. In fact, developed and developing nations of the world reap several prospects out of the global trade. For example, China becomes the engine of growth by exploiting international business in a more optimized way (Alon & Mcintyre 2008). However, International Monetary Funds (IMF), World Bank, WTO, and other green organizations shoot up the potential scale of the application when it comes to engaging in transnational business. Political and cultural attitudes also play a key part in cultivating universal business by providing a level playing field for each country (Analil 2005).

For instance, China and India could play a pivotal role in the world by undertaking economic reforms (liberal policies). Today, India and China are improving exponentially due to accepted economic reforms. Several articles on production have confirmed that China is now almost a super power in the world, where, India is also prepared to grab China's top marketplace in next one or two decades. In fact, both nations were not capable of growing with such a big degree. Conversely, global business and financial help chart a course of success for Indian and Chinese people (Baten 2016). Actually, China has taken its universal exchange to an unusually high level, which might impel world’s different countries to rely on China for corporate engagements. India on the other hand homes on IT sector (service sector), agriculture, privatization, balanced import-export business and many other ways to develop India (Patel 2002).

India has the potential to beat China in upcoming years as confirmed by many financial experts and articles. However, today, China has outpaced India from an economic angle with exploiting international commerce. In truth, China is one of the largest countries in the world from the financial position (Zhou 2009).

Therefore, this paper will shine a light on globalization and global governance together with discussing how China and India underscore their economic picture. In the end, it will compare and contrast India and China from the discussion based upon their economic growth history, their actions for widespread trade, and business attitudes.