| The economic downturn has meant a lot of changes in | | | | matter of fact Chinese firms are investing on a |
| the global order, for once its the G-20 consisting | | | | massive scale in Africa and Latin America in Power |
| emerging economies like India, China and Brazil that is | | | | project and in mining projects. The Indian companies |
| more important then the more elite G-7 club. The very | | | | are not far behind. |
| fact that while US and European economies continue | | | | So what does all this mean does it mean that no one |
| to struggle and grow the economies of China and India | | | | can stop these two giants from becoming the next |
| in particular are growing at an amazing pace of 8% - | | | | two great powers of the globe?Well the answer is |
| 9%, this has only expedited the process of shift in | | | | that their rise to top is not going to be easy. |
| global power to these Asian giants from the traditional | | | | Lets talk about China first, its a country that has taken |
| power center the USA and to some extent Europe. | | | | a short cut to prosperity by not giving its people the |
| China is rapidly becoming the supplier to the globe and | | | | choice to elect their leaders, how long will this continue |
| is like to even over take USA in the next 15 years and | | | | and how long will the Chinese agree to live in a highly |
| become the world's largest economy. | | | | controlled society with out the freedom to choose is a |
| India on the other hand is fast becoming the service | | | | matter to be seen, already there is a great deal of |
| provider to the globe, with a large English speaking | | | | discontent and more protests are taking place against |
| population and great technical pool its fast becoming | | | | government policies then ever before. So for the |
| the choice of major multi national firms to set up their | | | | Chinese communist to keep a control on their society |
| service centers and do business from India. The other | | | | with an iron fist is not going to be easy and the future |
| most interesting fact is that the economic potential of | | | | might see a Chinese public outcry for freedom and |
| these two giants of World still largely remains | | | | democracy that can undo a lot of the economic |
| untapped, with the population of Europe and Japan | | | | miracle that we are seeing right now. |
| shrinking these economies will require skilled labors | | | | In the case of India corruption is slowly but surely |
| from India and China to keep their economies going. | | | | decaying the society from with in, the country has |
| All this has meant an economic situation in USA and | | | | democracy but the elected representatives are so |
| Europe where the local jobs are getting out sourced to | | | | corrupt along with the bureaucrats and judiciary that |
| Indian and China in large numbers.There is | | | | already in many parts of India rebel movements are |
| understandably a lot of discontent, but the only way | | | | taking place in which hundreds and thousand have |
| for the work force in Europe and USA to save their | | | | been killed the past decades. All in all if corruption |
| jobs is to upgrade their skill level and be ready for | | | | continues to grow at the rate it is growing in India right |
| more stiff competition from these two giants of world | | | | now it can undo all the good work done so far. |
| economy. | | | | In conclusion the rise of India and China as global |
| The economic shift has also meant greater influence | | | | powers is imminent but their own policies can undo |
| for these countries in Africa and Latin America, as a | | | | their rise to the very top of global power center. |