rising importance of India/China, and influence and tensions

• the shift in the economic center of gravity


  1000AD -> started in Asia

  1820s -> mover over towards Europe, industrial revolution

  1940s -> move towards USA, dominant power after WW2

  1990s -> move back to Europe, formation on EU 1993

  Current -> move to Asia, specifically China's growth in manufacture
• the BRICS growth and fall

  >2001 - 40% of worlds population and 25% of worlds land

  >investment funds were set up to support the development of the BRICS - 25% of world GDP to 30%

  >2013 - BRICS start to breakdown

  Brazil and Russia start to have armed conflicts

  Brazil and India were in debt

  Political instability

  >Brazil and Russia economies rely on commodity meanwhile India and China grew economically
• what is commodity products?


  primary goods

  e.g oil and sugar
• what population % do China and India have?


  36%
• what % of the global GDP do China and India have?


  18%
• what % global emissions do India and China contribute?


  Approximately 36%
• differences between India and China


  health and primary education - India 98th / China 46th

  market size - India 3rd largest / China 1st or 2nd
• what is venture capital?


  capital invested in projects that are new and expanding
• China and India relations

  India and China agree to co-operate on bilateral issues and also regional and international affairs

  -> both countries agreed to work together in Afghanistan during Wuhan Summit

  large number of agreement -> agriculture, education, climate change, and technology
• conflicts between India and China


  when china announced its BRI India had no consultation and the China Pakistan Economic Corridor (as apart of the BRI) was formed that violated Indias sovereignty and territorial integrity so was rejected
• how does China's support for Pakistan effect relationship with India?


  they don't have the same views on terrorism

  China is using Pakistan as a pwns against India - backing Pakistan military and nuclear
• the difference in diplomatic landscape between India and China


  China -> $14 trillion GDP

  India -> $3.8 trillion GDP

  china also outpaced India in the much needed modernisation of its armed forces and defense