Monday, January 16, 2012
When India and China will be rich?
Both India and China have a long ways to go due to many factors, including government regulations, corruption, infrastructure, education, poverty, aging population causing future health care issues (this is a big issue in China) and incredibly large populations. Allowing free markets to control investments, currency, prices and decreasing government regulation is are important steps that Korea, Japan and Taiwan all addressed a generation ago. India and China do have strong GDP growth and very large numbers of highly educated workers, so the future is bright. It will take decades before these country's will have GDP per capita approaching western Europe, Japan and the USA, even if those countries were to stop growing during that same time period. Chinese is good to know, but preschool children in China are learning English, so the language of the future is anyone's guess.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment