Economy

Get Asia-pacific Trade and Investment Review, 2008 (Economic and PDF

By United Nations

ISBN-10: 9211205727

ISBN-13: 9789211205725

This ebook beneficial properties policy-oriented study papers and articles providing insightful perspectives and data on local comparative analyses and nationwide top practices on exchange and funding coverage concerns for the Asian and Pacific sector. It covers such salient matters because the internationalization of construction networks and local financial cooperation for the rehabilitation of tsunami-stricken international locations. it is usually coverage briefs and govt summaries of the new monograph learn sequence accomplished by means of the alternate and funding department.

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83 billion), indicating that China might become a global services hub, replacing India. In value terms, Chinese services exports have already overtaken those of India. 52 billion in absolute terms) in China. 66 billion) in 2005. 4 per cent) and 45 Asia-Pacific Trade and Investment Review Vol. 4, 2008 Table 11. , 2007), pp. 210-211. 96 billion). This observation also explains why India is called an IT services hub. It is important to mention here that “India’s sustained leadership in the ITS and ITES sectors is driven by strong fundamentals comprising a large and growing pool of qualified, English-speaking manpower, a keen focus on defining and adhering to global quality standards, a demonstrated emphasis on information security practices, an improving quality of telecommunications infrastructure with its costs approaching globally competitive levels, and a strong Government support focus on improving basic infrastructure and developing policies and an effective regulatory regime which favour the growth of the industry”.

2 per cent in India. 8) in India. Similarly, the net inflow of gross private capital as a percentage of GDP was much higher in China than in India. So the performance of the four indicators clearly demonstrates that China’s integration into the world economy took place at a faster rate than that of India (with the exception of one indicator—services trade as a percentage of GDP). 44 Asia-Pacific Trade and Investment Review Vol. 4, 2008 Table 9. , 2007), pp. 316-317. To examine the question of whether or not China will become a global IT services hub by competing with India, we will examine CSE in the two countries during the period 1990-2005.

8 per cent to global gross domestic product (GDP) in 2005 (see World Bank, 2007a). China is growing faster than India. 9 per cent, respectively, during these periods. 2 per cent per annum). At the outset, it may be noted that the share of agriculture in GDP declined in both economies during the process of structural change (1965-2005). In China, however, it was followed by an expansion of the manufacturing sector, whereas in India it was the services sector which started to grow. 1 In terms of share of GDP, the services sector is larger in India, at 54 per cent of GDP in 2005, than in China, at 40 per cent.

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Asia-pacific Trade and Investment Review, 2008 (Economic and Social Commission for Asia and the Pacific) by United Nations


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