Look, rather than strategy is a reality, both countries are the most populous on the world, both economies are having real growth and sectoral development. Both countries have a large unemployed or underemployed. But keep enviable economic indicators, the two countries, at the end of 2010, will have a GDP growth above 6% (almost 10% China). So, they have established a strategy for the short, medium and long term, to develop in every sense of the word. China and India, believe very strongly in education and training of their population, are having extraordinary success. Are the markets of the future, therefore, industrialization, high technology and economic development, will be their priorities in the next decade
But some economists will refuse and say no way! So I will justify it.
They both have big populations, which translates to big labour, cheap labour too as it would be hard to find a good, high quality job. So they offer their services cheaply. If this labour is skillful - like Indian, it really adds a lot of value to their service. So they even do well in out-sourcing contracts as they can perform! So population has given them cheap, skillful labour to produce a lot of wonder products and services.
Then second point is also population but from the other angle. A big population means a big market. A cell-phone service provider offering its services to 60% of China, will have plenty of money regardless of the cost of providing that service when you compare it with USA! The two have a great market to sell their goods and services to compared to those with a smaller population!
Choose another answer as the right one
But some economists will refuse and say no way! So I will justify it.
They both have big populations, which translates to big labour, cheap labour too as it would be hard to find a good, high quality job. So they offer their services cheaply. If this labour is skillful - like Indian, it really adds a lot of value to their service. So they even do well in out-sourcing contracts as they can perform! So population has given them cheap, skillful labour to produce a lot of wonder products and services.
Then second point is also population but from the other angle. A big population means a big market. A cell-phone service provider offering its services to 60% of China, will have plenty of money regardless of the cost of providing that service when you compare it with USA! The two have a great market to sell their goods and services to compared to those with a smaller population!
Choose another answer as the right one
Choose another answer as the right one