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Can India And China Change The World Polarity?

Author

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  • George GEORGESCU

    (Institute of National Economy)

Abstract

India and China are without doubt two superpowers in becoming, as they jointly own 40% of the world’s population and about 20% from the global economy. Their accelerated growth paces (8 – 9 % in the last decade) put to hard trials the scenarios of world’s development for a larger time horizon, which, in general, approach them independently. But, since the economic development of states in the globalisation era relies decisively on the evolution of political interests games at planetary scale, the hypothesis of a strategic Indian-Chinese alliance determines another configuration of the future map of world’s economy than the one perceived as predictable in the present. For better evaluation of such a possibility, we present in the following some recent economic earmarks of India’s, respectively China’s development, as well as, in conclusion some considerations with respect to the current fields of joint strategic interest of the two states, and their possible alliance.

Suggested Citation

  • George GEORGESCU, 2005. "Can India And China Change The World Polarity?," Romanian Journal of Economics, Institute of National Economy, vol. 21(2(30)), pages 22-28, December.
    • Handle: RePEc:ine:journl:tome:21:y:2005(xv):i:2(30):p:22-28
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    More about this item

    Keywords

    world development; world economy; globalization;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration

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