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Thread: China, India, who will lead the 2nd world?

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[quote=ERENCIUS,249256]Quote:
"Of course, China will be!!"

I guess your judgement is too quick and too partisan. That's normal in a way...
The fact is that these 2 different nations are not developing in the same way. China put all its hope on the International market, becoming the world factory. But this choice is based on low quality labour, with a low education which implies low costs. The recent development of Universities wont change the trend: many educated Chinese cannot find a job that corresponds to their skills. What is needed there for now is (mainly) low cost labour.
India chose another way which is more sound to me. They developed on the domestic market and on high technology (computer science especially) services. The country is still poor just like China, its population growth is more important than the Chinese one, its agriculture system is well conceived. The Bombay stockmarket is one of the most modern stockmarket in the world with an extraordinary stability and a very strong progression (nearly a confidential one since it just have partnerships with the German Boerse with is usually very stable). Now India is better placed to develop on long term. Its strategy is a long term one not a short or middle term one like the Chinese one. So I guess in 10 years China will still be the first compared with India but this will change and in 20 years India will take the lead.[/quote]

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