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gravity shift  |
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by Professor Wendy Dobson, May-June 2010 |
How should the smart manager think about the changing world economy and the shift of economic dynamism to Asia? Post global financial crisis, China and India are the fastest-growing economies. Their resilience has fed expectations that China, which is much more developed than India, will somehow replace the legendary US consumer in pulling the rest of the world out of recession in the short-term and in the long-term, will reshape the world order. Evaluating the prospective roles of China and India requires one to look at not only the reasons they escaped the worst of the crisis but the factors driving their growth in, say, the next twenty years till 2030.
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