Introduction to Part I

Piya Mahtaney

A chapter in India, China and Globalization, 2007, pp 14-16 from Palgrave Macmillan

Abstract: Abstract When two developing nations, one an economic powerhouse and the other potentially a superpower, are among the fastest-growing nations it is inevitable that this fact will become a matter of avid discussion. Perhaps a few nations in the contemporary world are perceived to be as exciting and promising as India and China: China and India will shake the world. Together they are home to 40 per cent of the world’s population. Both are among the world’s fastest growing economies: China 8–10 per cent, India 6–7 per cent. China is the factory of the world. India the outsourcing service centre first in call centres and now moving into more sophisticated business process operations and clinical research activities of global corporations. The Chinese and Indians are learning not just from Japan and the Asian NIEs but from the advanced countries (An excerpt of the keynote speech by Lee Kuan Yew, Minister Mentor, former Prime Minister of Singapore, at the inauguration of the Lee Kuan Yew School of Public Policy, April 2005)

Keywords: Call Centre; Economic Progress; Keynote Speech; Contemporary World; Global Corporation (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59154-7_2

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DOI: 10.1057/9780230591547_2

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