The Economies Of China And India Essay by Top Papers

The Economies Of China And India
Scholars long divided the world's economic systems into stages identified as the First World (primarily the developed Western nations), the Second World (the Soviet Union and the rest of the Communist bloc), and the Third World (the undeveloped and ...
# 143771 | 2,000 words | 0 sources | MLA | 2009 | US
Published on Dec 01, 2009 in Economics (Macro) , Asian Studies (General)


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Scholars long divided the world's economic systems into stages identified as the First World (primarily the developed Western nations), the Second World (the Soviet Union and the rest of the Communist bloc), and the Third World (the undeveloped and underdeveloped nations). This taxonomy is no longer used by most, but there is still a vision of nations that are developed and nations that are underdeveloped, meaning economically backward in some degree. Both India and China have been seen as economically underdeveloped and as now breaking out into a different economic structure. Both countries have had some poor economic performance because of the size of the population in each case. India and China are the two most populous countries in the world, and this has kept both countries from developing as well as they might otherwise have done.

From the Paper:

Scholars long divided the world's economic systems into stages identified as the First World (primarily the developed Western nations), the Second World (the Soviet Union and the rest of the Communist bloc), and the Third World (the undeveloped and underdeveloped nations). This taxonomy is no longer used by most, but there is still a vision of nations that are developed and nations that are underdeveloped, meaning economically backward in some degree. Both India and China have been seen as economically underdeveloped and as now breaking out into a different economic structure. Both countries have had some poor economic performance because of the size of the population in each case. India and China are

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