India's Economy and China's Economy Essay Example | Topics and Well Written Essays - 750 words

India's Economy and China's Economy - Essay Example Looking at this view of his, let us take this stance further by discussing how the divergence and competence of the entrepreneurial forces in India has given it a slight edge over China, when it comes to facilitating environment for the entrepreneurs.. Generally speaking, China is viewed way ahead of India regarding government policy formulation and implementation. China surpasses India with its faster government policies, modern and developed infrastructures and well-versed economic policies. On the contrary, India is fuddled with slow legal processes, underdeveloped infrastructures and relatively a high rate of illiteracy. Also, the Chinese leadership is making effective steps to â€Å"isolate† China from the global downturn, plaguing many economies of the world. However, the Indian government is criticized for adopting a lumbering approach to regain its struggling economy. These discrepancies on the Indian side are reflected in the GDP figures of both the countries. As Schu man (2010) states The World Bank figures has shown that India’s gross domestic product (GDP) has increased only by 6.4% in calendar 2009, which is far short of the 8.7% rate China announced in mid-January. Although, the above discussed perspectives about both the countries’ economy may show that Chinese economy is in far better shape than India and that could augur well for Chinese entrepreneurs, it may not be the case. Firstly because, surprisingly in recent times, India is emerging as a vigorously energetic economy, as it seems to be rebounding from the global economic downturn with a stronger force. Doubtless to say, the global slowdown would bring serious problems to India, â€Å"but the country’s mood has changed fundamentally since the government began opening up the economy in 1991: fatalism has been replaced by can-do optimism.† (A Special Report, 2009). This optimism is reflected in the entrepreneurial â€Å"spheres† in India. That is, In spite of the political and social uphill, the country has started to pitch for entrepreneurialism which is hot on the air, at present. It is obvious that the entrepreneurial activities are indeed reshaping the India’s economy to a far better level. â€Å"Tarun Khanna points out that the entrepreneurial spirit is beginning to breathe new life into India’s public sector.† (Watch this Space). One of the main â€Å"catalysts† that is driving entrepreneurship in India than China is the sizable well-educated and confident young population, who want to come up with new businesses. It is evident that the current demographic profile of India would do wonders to the country’s economy. â€Å"India is now blessed with a young and growing workforce. Its dependency ratio - the proportion of children and old people to working-age adults - is one of the best in the world and will remain so for a generation†. (Indian Miracle). Although, China also has a siza ble young population, the advantage with Indian young population particularly their budding entrepreneurs is their proficiency of English language and the resultant confident approach with the Western clients. â€Å"Indian capitalism is driven by millions of entrepreneurs furiously doing ahead with this task, and thriving small businesses with many world-class ones whose English-speaking bosses network confidently with the global elite.†

London Essay Example | Topics and Well Written Essays - 1750 words

London - Essay Example It augmented its populace from one million to six million in the twentieth century, and in this period, London became an international political, economic, and transaction center (Dickinson 2008, p. 78). In this condition, it was largely unchallenged until the later times of the century, when Paris and New York City started to bully its governance. However, as the city expanded in terms of richness as Britain’s property grew, London was also a city of scarcity where a significant number of people lived in congested and unhygienic areas during the 19th century. Nevertheless, the city was changed by the development of the railways (Porter 2004, p.45). A new system of municipal railways permitted the formation of outskirts in adjacent districts from which mid class and rich individuals could travel to the center. As this increased the massive outward expansion of the city, the development of greater London also exacerbated to the division of class as the rich people shifted to th e outskirts, abandoning the underprivileged to occupy the innermost city area. During the 19th century, there were various impacts that were experienced in London as a result of economic forces. For instance, being a vibrant city, long-standing jobs were altered, as new ones increased. The number of professions increased including civil engineers, clerks as well as accountants among others (Hosmer 2009, p.86). This new group, starting from the lower to the upper middle class, pushed its way between the customary skilled worker and the world of investment; it was a great overwhelming team and they offered the city much of its social and economic charisma. In the 19th century, traders who were not the most significant political team had to share privileges and power with the noble court, administration and social as well as political officials because London was not an developed focus like Manchester (Divall 2003, p. 80). The customary manufacturing section in London included the fact ory that hired the experts of the London, primarily, crafts worker in these plants who mass-produced diversity of products. However, in the beginning of the 19th century, the industrialized uprising enforced a shift to manufacturing of extravagance and user products for homegrown marketplaces. On the other hand, social and technological forces in London during the 19th century also affected differently on the lives of people; for instance, for the manual workers, industry and technology led to significant blessings in disguise (Littlefield 2012, p.42). This is because some laborers viewed their old-fashioned artisan abilities being lost as technology replaced them. A case in point was the introduction of iron shipbuilding resulted into a reduction in demand for the woodworking abilities of shipwrights. On the contrary, other people were more luck and had job opportunities established for them. For instance, the construction of the railway offered jobs for a significant number of unt rained workers as they excavated channels and cuttings or hauled away the wreckages from castigating channels in places (Christl 2009, p. 56). Accordingly, the engineers of the period of railway construction were also responsible for developing completely new talents to conquer individuals during the course of their working time. Despite the fact that, the old ship construction trades may have endured the introduction