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Summaries and Short Reviews

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Caution Bends Ahead

Book Abstract by: konthai    

Original Author: TB MACDONAALD
Write your abstract here.
Summary by Konthai of views     by TB MACDONALD
     
On  INDIA CHINA RELATIONS.   entitled "
CAUTION : Sharp Bends Ahead " in                    in ''OUTLOOK''
___________________________________________________-____PART 1.
 In late September 2007, a leading financial analyst opined that"
Chindia "stands for China plus India, rather than China versus India."
That may be true now, , but over time the "plus" will evolve to
"versus" on many levels as  the path pursued  by Asia''s two giants
appear to be  divergent for merging into  into one great complex of
economic development. China and India are different countries marching
in the same  road of globalization.  But the contrasts   sharpen  when
we observe  Asia''s two most populous countries pursue national
interests which are different   over issues such as access to markets,
natural resources and strategic partners.   The core differences between
China and India are political. China''s political leadership confronts
substantial challenges in the management of popular aspirations: by
maintaining  rapid economic growth based on investment and exports, at
the expense of wages and consumption,..   By this they control by 
force  most aspects of political expression often . resulting  in  discontent
,. Pro-democracy demonstrations at Tienanmen Square  in 1989,which
rocked the government(until they were crushed by the military)   left a
blot in the history of  the Chinese Communist Party is a case in point.
In contrast, India''s approach allows for more open debate over societal
aspirations and goals. When Indians are discontent with government
policies, they have the option to change leaders peacefully   but sometimes 
resulting  in   unwieldy coalition governments   . This  results
in implementing policies difficult. But , India has avoided the
regime-threatening upheaval of a Tienanmen Square and Indians retain 
their confidence in using the ballot box. To evaluate   which system 
is successful in improving people''s lives and managing the process of
globalization depends on the factors  like  economic growth, poverty
reduction, political stability, business expansion, and conflict or
compromise. In China, the high rates of economic growth have led to
substantial decreases in poverty rates while, in India, poverty
reduction has been more modest. According to the World Bank and
International Monetary Fund Study, between 1981 and 2004,, while in
China  there was an estimated decline in the absolute number of extreme
poor  by more than 500 million people,  in India, this number 
remained roughly constant. Indian democracy''s adoption  of
globalization and more market-oriented policies have not reduced
extreme poverty, while China''s authoritarianism has delivered the
economic goods. But India''s open-door economic experiment has been in
motion for a shorter period of time. In addition, there have not been
the extreme ranges of socioeconomic experimentation in India as in
China. That experimentation included the infamous Great Leap Forward,
the ill-fated Backyard Furnace Campaign and forced criminalization,
which resulted in famine and the death of an estimated 30 million
people. Also, India''s relative lack of achievement in many social areas
is  mostly unrelated to globalization. Rather, they are  complicated by
domestic political problems, bloated bureaucracies and corruption, all
of which  push back globalization.  Globalization has made Indians
aware of what can be achieved, especially when their nation is compared
to China. Although e is complicated by corruption
and religious/ethnic differences, the political system has managed to
uphold  parliamentary  democracy. This   allows an escape valve for
public frustrations. Unlike its neighbors, India has not been subject
to military coups or civil wars. Even when  Emergency was declared  in
1975  the country flirted with authoritarianism for a short period, but
steered back to elective politics  soon in 1977.
    The two nations loom
large in the geopolitics of Asia. China has a close relationship with
Pakistan, assisting in the development of that country''s nuclear
program, and building influence in Burma. This is not  to argue that
both are on the edge of a new conflict.  Actually the existing 
relations are the warmest they had  been for  a long time. Sino-Indian
relations started to thaw in 2000, gaining  momentum with the visits of
celebrities countries, including Prime Minister Atal Bihari Vajpaypee''s
2003 travel to Beijing..  The trade between the two countries topped
$10 billion.in the folllowing year
KONTHAI     ( Continued in Part 2)
Published: October 26, 2007
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