Inequalities in China and India - Special Academic Support

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Hans Rosling states that inequalities in China and India are a big issue after looking at the drastic economic differences within the countries. In particular, he mentions that Shanghai is even healthier economically if compared to the United States, whereas Guizhou remains overwhelmingly poor. As for India, the speaker explains a different pattern of inequality, in which the most pronounced inequities exist within each state rather than between different states. These findings confirm his opinion that inequalities are a big issue facing the two countries.

Continuing inequalities between people at the age of economic growth have to be reduced as soon as possible. After discussing the issue in China and India, the speaker suggests that the best measures should be aimed at creating more stable domestic markets. For instance, Rosling supposes that increases in social investment aimed at improving peoples access to healthcare, education, and electricity can be extremely helpful to make economic growth perceptible for different populations.

At the end of the video, Hans Rosling makes predictions regarding Indias ability to outperform Sweden economically in the summer of 2048. Regarding the trend itself, I believe that becoming one of the strongest economic players is not impossible for India due to its rather successful diplomatic efforts, a lot of young population, and continuing economic growth. However, it is not entirely clear whether India will manage to overcome poverty within the next 28 years.

The Index of Economic Freedom allows measuring the degree of economic freedom in a certain state. As of 2020, the BRICS nations (except for Russia) are still considered as the countries that are mostly unfree in terms of economy, which is between repressed and moderately free. Global marketers should use the index as a tool to identify marketing opportunities and the best countries for investment and trade partnerships. Since the index considers the presence of institutions and mechanisms to protect citizens ability to act based on their economic interests, it allows previewing barriers to success in international partnerships.

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