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"The focus of this article is on the rapid growth of the Chinese economy and its ongoing interaction with the rest of Asia. It concludes that rapid growth in both Asia and China has resulted from free-market-oriented neoclassical economic policies and principles. Owing to its economy's size, its...
Persistent link: https://www.econbiz.de/10005215607
Persistent link: https://www.econbiz.de/10009245903
This article compares and contrasts the two modern eras of globalisation, namely the one that started in the mid-nineteenth century and ended on the eve of World War I, and the contemporary era. Although in both periods globalisation brought down national barriers and integrated economies and...
Persistent link: https://www.econbiz.de/10008472917
Globalisation has expanded the size of the global middle class. This expansion will change consumption patterns and shift the balance of spending power to middle-income economies. Rapid growth rates of the middle class in China and India have played a decisive role in creating the middle-income...
Persistent link: https://www.econbiz.de/10008479822
"Starting from a low base, south-south trade has picked up momentum over the last two decades. It is emerging as a new dimension of the global economy and can potentially usher in several benefits for developing economies. The emerging economies of the dynamic south (EEDS) not only provided a...
Persistent link: https://www.econbiz.de/10005663006