Today, China is the world fastest growing economy – with 9.7% GDP growth rate. In 2010, China became the second largest economy after surpassing Japan and is expected to become the world largest economy by 2020. There is no doubt that China has found the key to economic development, yet there is still the question whether this approach will promise the same pattern of growth for the future. Continue reading →

Until recently Asian economies as: China, India, Singapore, etc., were not seen as a real competition for Western economies (Western Europe and North America), however the situation is dramatically changing while China is emerging as a major economic player. Even though India’s economic growth is not as impressive as the Chinese one, it is certainly worthwhile analyzing its implications. Continue reading →