Economic Analysis of Macroeconomic Trends: China and India

Анотація

Abstract. Introduction. Nowadays the world is on the cusp of major changes. The eastern market is becoming much more popular, important and powerful for the international community. India and China are already openly fighting for world domination through the dynamic growth of their own economic and military potential. It should be noted that, it was important for a detailed analysis of the economies of these eastern countries not only to process statistics, but also to take into account traditions and culture. Purpose. The main idea of this article is to understand clearly the aspects of further development of the world economy and to identify economic risks and trends, analyzing the following macroeconomic indicators of eastern giants’ countries. Results. A detailed analysis of the dynamics of GDP’s changes over the past 5 years was conducted and once again emphasized the power of these national economics that has only grown in recent decades. The importance of initiatives and innovations, creating by the eastern neighbors for the world community, was highlighted through a determination of the role of India and China in the integration international associations and study of the attracted investments. The interdependence of the world’s market and the eastern market of India and China was considered, a detailed breakdown of exports and imports of goods and services was carried out and that gives us the opportunity to identify the most important and most powerful groups of goods for today. Conclusions. The study identified similar aspects of the development of emerging economies such as India and China, which were supported by reports from objective sources of statistical information. Determining the macroeconomic situation of the next national economies allowed us to explain how the COVID-19 pandemic changed the action plan of the studied countries, to find weaknesses of strong enough economies, and also to make certain predictions about the future world market.

Класифікація

Ідентифікатори

Схожі роботи