CAN INDIA AND CHINA CHANGE THE WORLD POLARITY?

George Georgescu

Romanian Journal of Economics, 2005, vol. 21, issue 2(30), 22-28

Abstract: India and China are without doubt two superpowers in becoming, as they jointly own 40% of the world’s population and about 20% from the global economy. Their accelerated growth paces (8 – 9 % in the last decade) put to hard trials the scenarios of world’s development for a larger time horizon, which, in general, approach them independently. But, since the economic development of states in the globalisation era relies decisively on the evolution of political interests games at planetary scale, the hypothesis of a strategic Indian-Chinese alliance determines another configuration of the future map of world’s economy than the one perceived as predictable in the present. For better evaluation of such a possibility, we present in the following some recent economic earmarks of India’s, respectively China’s development, as well as, in conclusion some considerations with respect to the current fields of joint strategic interest of the two states, and their possible alliance.

Keywords: world development; world economy; globalization (search for similar items in EconPapers)
JEL-codes: F02 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:tome:21:y:2005(xv):i:2(30):p:22-28

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