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Question -

The emerging economies of China and India have great potential to challenge the unipolar world. Do you agree with the statement? Substantiate your arguments.



Answer -

 The Indo-China relations experience strategically organised as rising economic powers in global politics and to play a major role in the Asian economy after the end of the Cold War. It can be proved on the following grounds:

  1. The new economic policies of India and China have broken their economy from stagnancy.
  2. The creation of special economic zones led to a phenomenal rise in foreign trade.
  3. If India and China are able to lead a coalition of countries, this coalition would be more powerful and may accomplish their goal.
  4. India had adopted the policy of liberalisation and globalisation. It has made tremendous progress. India along with China view themselves as rising powers on global politics and can challenge the unipolar world.
  5. China has become the most important destination for foreign direct investment anywhere in the world. Hence, it has large reserves for foreign exchange to allow it to make a big investment in other countries.

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