23 Make Way for India The Next China China grows at around 9 per cent a...
Question:
23 Make Way for India – The Next China China grows at around 9 per cent a year, but its one-child policy will start to reduce the size of China’s working population within the next 10 years. India, by contrast, will have an increasing working population for another generation at least.
Source: The Independent, 1 March 2006 a Given the expected population changes, do you think China or India will have the greater economic growth rate? Why?
b Would China’s growth rate remain at 9 per cent a year without the restriction on its population growth rate?
c India’s population growth rate is 1.6 per cent a year, and in 2005 its economic growth rate was 8 per cent a year.
China’s population growth rate is 0.6 per cent a year and in 2005 its economic growth rate was 9 per cent a year. In what year will real GDP per person double in each country?
Step by Step Answer:
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews