Development models of China and India

Abstract

In the process of globalization in the next decade, the position of the United States and the West countries will be weakened, and the importance of developing countries - will increase. Particularly important will be the role of the two largest emerging economies - China and India. What is the future of the fast-growing giants? In the article the author analyzes the Chinese and Indian models of development and a forecast of their prospects. This analysis could be useful in understanding the ways of development of Russia.