China And Indi The World s Fastest Developing Economies...

China and India are two of the world’s fastest developing economies and most populous nations on the earth. The question is whether â€Å"Chindia† is a friend or a threat to the United States. Together these nations have attributed to prosperity, but are it beneficial or harming to others? Chindia can pose many threats to surrounding nations and competitors. China is taking dominance as becoming the world exporter. With all of their products they are able to offer lower prices and beating out many other industries. India is able to produce products at cheaper costs and provide cheap labor. Their textile industry is a prime example. Many of the products needed for their textile industry are produced in their own country so little is imported. They are able to produce products faster because the materials are local and there is no need to wait for imports. The products are produce cheaper because of cheap labor, and there is no need for storage costs because very few goods are imported. When it comes to producing goods cheaper, offering lower prices to the consumers, and becoming a world exporter, Chindia is the leader. Together China and India attributed to prosperity and there are mutual economic benefits. Both countries have formed stronger economic bonds. They have openly cooperated with one another in multi-lateral trade negotiations. As emerging economies continue to grow, there may be a further decline in the share of world output and world exports accounted for by the