World’s Two Largest Countries – India and China – Embrace
Globalization
“In contrast with
the developed West, globalization and economic integration remain popular in
the world’s two largest developing countries – India and China.”
Related –
A thought-provoking piece from Gideon Rachman:
“The emerging strategic logic was clear. As China
rose, so India, Japan and the United States were drawing perceptibly closer
together. It was not quite the policy of ‘containment’ that China feared, but
it was clearly a conscious effort to balance the power of a more assertive
China on the global stage. By 2015, however, India also increasingly mattered
in its own right, not simply as part of a strategic balancing act with China.
Eclipse author Arvind Subramanian is certainly right to dismiss the idea that
India will catch up with China in the next twenty years; but look ahead a
little further, to 2050, and it is possible to envisage a world in which India
could be both the world’s most populous country and its largest economy. While
the last years of the twentieth century and the beginning of the twenty-first
century had been shaped by the emergence of the Pacific Rim as the new core of
the global economy, by the mid-twenty-first century, the rise of the Indian
Ocean Rim—linking India with a fast-growing African continent—could well be the
next centre of global economic dynamism.”
Easternisation: War and Peace in the Asian Century by
Gideon Rachman is likely to become one of the most influential books on
international affairs.