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Global Economy of India and China

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Answer the following questions:
1- Analyze the issue - The past few years has seen global economic ups and downs with near financial meltdowns of banking and investment sectors in Europe and US; deep economic crises in many European countries and rising indebtedness of many developed countries. What steps can be taken to bring sustained stability, growth and prosperity for all in an deeply intertwined global economic system.

2- In the midst of deep economic issues around the world, India and China continue to experience unprecedented growth and have kept their economies insulated from the global economic crises (starting 2008). How can the rest of the world leverage what is working for these countries to bring stability in the global economic system?

http://www.policyinnovations.org/ideas/video/data/000066

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Solution Preview

The global economy and the current level of meltdown, Greece is on the brink, are conditions of business and investment moving too quickly and incautiously across the globe. Just because there is immediate access to funding, markets, governments, and resources, does not necessarily mean it is a sound investment. With business and government both in trouble, the issues seem to be ones that cross the public/private lines.

The first thing all should practice is transparency. Too much business is done behind walls and doors that do not allow access to shareholders and stockholders or governments. When business fails in great numbers, it puts too much pressure on government. While government regulation can be overdone (i.e. China), its value can not be discounted. Transparency for transactions and all things financial will help keep people and companies ...

Solution Summary

The solution provides assistance, information and advise to help the student tackle the question set on world economy, globalization & politics (see above).

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See Also This Related BrainMass Solution

The rise China and India change the way the world economy

You are required to write a research essay and answer the question with an argument that also provides an explanation.

Essay Question:

Will the rise of developing countries like China and India change the way the world economy is governed?

Please make sure material is focused and directly addresses the essay question
And that the essay includes a clear introduction and conclusion, also that the argument is explicitly stated in the introduction, and systematically developed and substantiated throughout the discussion.

Make sure referencing is comprehensive and accurate. The practice essay must contain the three critical secondary sources stated below. There also must be at least six non-Internet sources. Journal articles obtained from databases over the Internet, but from recognised, refereed journals are not considered to be internet sources. In addition, the practice paper is a coherent justification of a position and that your paragraphs link together to form an ongoing narrative.

Harvard Referencing with in-text citation is preferred.

References:

Brendon, P. (2010) "For China, Will Money Bring Power?", New York Times, 21 August
<http://www.nytimes.com/2010/08/22/opinion/22brendon.html?emc=eta1>.

Schmemam, S. (2011) "The See-Saw of Power", New York Times, 23 June
<http://www.nytimes.com/2011/06/24/opinion/global/24iht-june24-ihtmag-nye-
36.html?emc=tnt&tntemail0=y>.

Lehmann, J. (2009) "Asia's Place in 21st Century Global Governance", The Globalist, 3 August
<http://www.theglobalist.com/printStoryId.aspx?StoryId=7914 and http://www.theglobalist.com/StoryId.aspx?StoryId=7915>.

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