Asian Perspective on Globalization 2/28/2019

Asian perspective on globalization
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Asian perspective 1
Contents
Introduction......................................................................................................................................2
The rise of China and India as new economic superpowers............................................................3
The economic power of China.....................................................................................................3
Globalisation................................................................................................................................4
Demographic power of India.......................................................................................................6
The workforce of India is challenging China..............................................................................7
China advantage over smaller economies in Asia.......................................................................8
Offshore Software Development Services...................................................................................9
Review of India and China............................................................................................................10
Market size.................................................................................................................................11
Financial market development...................................................................................................12
Conclusion.....................................................................................................................................13
References......................................................................................................................................14

Asian perspective 2
Introduction
The potential superpower is a state or a political and economic entity that is majorly speculated
by the country with the motive to evaluate that they have superpower or not. The aim of the
research paper is to explore more details about the rise of China and India as new economic
superpowers. This has been found that globalisation is one of the major factors that lead to the
rise in the economic superpower. In the research, this has been found that more or less every
factor is linked with the globalisation. The research paper includes research on the different
factors that can make China and India strong in terms of economic. The major factors that affect
include workforce and demographic factors that makes India equipped with some superpowers.
Further, the economy of china is strong because of its international affairs due to which it is
considered as the emerging superpower country. In the end, the review related to India and China
has been done with the help of the Global Competitiveness Report.

Asian perspective 3
The rise of China and India as new economic superpowers
The intricacies of its grand strategy influence its place across the global order. This has been
found that states have the potential to be one of the world's next superpowers; this strategy is
considered as the blueprint that helps in accomplishing the global dominance (Christensen, Fryba
and Xing 261). It is found that the United States is presently considered as the world’s
hegemonic power but with these different states possessing the potential to be the superpower in
making which majorly include BRIC countries (Brazil, China, India, and Russia) (Chun 134).
Countries like China and India are considered as the interesting cases with the motive to explore
more due to their potential to become the superpower as well as their vastly different approaches
that are present in the world affairs (Ravi 99). It has been found that international legitimacy and
reputation are considered as important aspects that are required to consider while measuring
power. India and China has pursued the strategies with the motive to accomplish the dominance
in the global order.
The economic power of China
The rise of China as a new economic superpower is possible because of the review of the
economic strength of the country. The purchasing power parity regulates the worth of a dollar for
what it can make the purchase in the allocated country. This has been found that now China has a
larger economy than the U.S (Gilley and O'Neil 185). The gap between China and the US in
terms of economy is growing which is witnessed with the fact that Chinese people has increased
buying things that make China become richer than they are today.