The Economist (January 13)
“To many, India feels like the heir apparent. Its population will soon overtake its Asian rival’s. It occasionally grows at the kind of pace that propelled China to the status of economic superpower.” But there is one big snag in many marketers’ dreams: India’s middle class “scarcely exists.” Only 8 million Indian adults make $20,000 annually and “the chances of India developing a middle class to match the Middle Kingdom’s are being throttled by growing inequality.”
Tags: China, Economic superpower, Growth, India, Inequality, Middle class, Population
The Economist (January 27, 2012)
In 1942, the Economist added a special section for detailed coverage of the United States. Seventy years later, the next special section appears: China. “The main reason is China’s rise to economic superpower status, but we are also fascinated by the politics of a country that is out of step with global norms.” The magazine believes that “if China’s rise is to continue, the Communist Party needs to loosen its grip on society and the economy.”
In 1942, the Economist added a special section for detailed coverage of the United States. Seventy years later, the next special section appears: China. “The main reason is China’s rise to economic superpower status, but we are also fascinated by the politics of a country that is out of step with global norms.” The magazine believes that “if China’s rise is to continue, the Communist Party needs to loosen its grip on society and the economy.”
Tags: China, Communist party, Economic superpower, Politics, U.S.
