SRNEC K., SVOBODOVÁ E., DIVIŠOVÁ M.
Abstract
China and India are densely populous countries. Their economic growth will increasingly influence a global development of the world economy. The given report illustrates the economic development of these countries by using selected basic economic indicators. The comparison of China and India is interesting because of their different past and present historical, political and cultural development. It is necessary to mention that each third man in the world is an inhabitant of one of these countries. The own analytical view on their economics is based on proved accessible statistical data. This paper reflects a positive impact of the target countries' economy on poverty reduction, infant mortality, literacy etc. Currently, this paper also indicates an increasing competitive power of both countries in the area of international trade as for example an increasing influence in sub-Saharan Africa.
Key words:
China, India, economic growth, foreign debt, international trade