Rarely has the economic ascent of two relatively poor nations been watched with such awe. The postwar era witnessed economic miracles in Japan and South Korea. But neither was large enough to power worldwide growth or change the game in multiple industries. China and India, by contrast, possess the weight and dynamism to transform the 21st century global economy. Never has the world seen the simultaneous, sustained takeoffs of two nations that together account for one-third of the planet’s population.
What makes the two giants especially powerful is that they complement each other’s strengths. Technical and managerial skills in both China and India are becoming more important than cheap assembly labour. China stays dominant in mass manufacturing, and is one of the few nations building multibillion-dollar electronics and heavy industrial plants. India is a rising power in software, design, services, and precision industry. Its software industry barely existed 15 years ago but is growing rapidly today. How these Asian giants integrate with the rest of the world will largely shape the 21st century global economy.
Голицынский, 7-е издание – Артикль – Упражнение 82
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