The paper “ Will the Continuing Rise of China and India Be Unequivocally Beneficial for Australia? ” is a comprehensive variant of the literature review on macro & microeconomics. This paper discusses the benefits of the accrued emergence of China and India as superpowers to the Australian nation. The growth of China is a real example that any nation can rise and ignore the odds as it has been able to gain a lot in less than three decades. India on the other hand has had its impact on technological revolutions, and this is what Australia is getting from such a rise.
Some of the areas discussed as beneficial to Australia are: defense strategies, foreign direct investment, health sector, trade development, and infrastructure developmentIntroductionAny rise has its lows and highs, but the rise of both China and India has helped benefit some nations in the world. China is easily emerging as a world superpower and this has sent chills in other powerful nations in terms of economy and politics. China’ s rise is a peaceful one and it has not shaken others in the wrong way and in fact, its rise was not detected, and such has helped it rise in less than three decades without getting noticed by major world players.
There is so much a country like Australia has or is to benefit from the rise of both China and India and such includes trade, health improvement, and infrastructure. Australia is not the only beneficially of the revolution of China and India, but also the Asian nations, but Australia is seen from the study that it is at the centre of major revolutions.
This is more in trade as the two emerging power houses seek to expand their business territory to others. Australia is compared to Africa which has seen much of the China’ s technological revolution and production capability of the nation being practiced in the continent. India on the other hand has tried its mark in introducing new forms of production, but it is inhibited by its huge population. However, there are business centers being propped up in Australia and Asian nations as a result of India’ s efforts to take a share of the business world. China’ s Rise in the WorldChina’ s economic development is one of the most hailed across the world and it is showing its dominant view of multiple products in various countries.
Banlaoi, C. (2008). The Philippines and Australia Defense and Security Cooperation against Terrorism. Philippine Institute for Political Violence and Terrorism Research, PIPVTR monograph No. 1
Basu, K. (2007). Current and Future Benefits to Australia from China’s Economic Reforms. Australia: Charles Sturt University, 7th Global Conference on Business and Economics.
Bridget & Raymond Allchin (1982). The rise of Civilization in India and Pakistan. New York: Press Syndicate of the University of Cambridge.
Brown M. (2000). The rise of China: An international security reader. Harvard: MIT Press.
Cooney J. & Yoichiro S. (2009). The rise of China and International Security: America and Asia respond. New York: Routledge.
Dr Mai Yinhua and Prof Philip Adams (March 2, 2005). Modeling the Potential Benefits of Australian-China Free Trade: Agreement. A Report by Australian-China FTA feasibility study
Drysdale P. (2001). Chinese Foreign Direct Investment in Australia: Policy Issues for the Resources Sector. Australian National University, Draft Paper.
EU Security Forum (2008). The rise of China: Policies of the EU, Russia and the US. Journal of CEPS, IISS, DCAF & GCSP, ESF working paper No. 30.
Goldstein A. & Pinaud N. (2006). The rise of China & India: Whats in it for Africa? Australia: OECD Publishing.
Hiscock G. (2008). India’s Global Wealth Club: The stunning rise of its Billionaires and the secrets of their success. Asia: John Wiley & Sons Pte ltd.
Ishihava Y. (2009). Partnership Adrift: Reshaping Australian-Japan Strategies Relations. Vol. 5(1).
Ito T. & Chin H. (2010). The rise of China and structural changes in Korea and Asia. UK: Edward Elga Publishing ltd.
Kesavapany K & A. Mani (2008). Rising India and Indian Communities in East Asia. Singapore: ISEAS Publishing.
Lofgren H. (2007). The Global Biophama Industry and the Rise of Indian drug Multinationals: Implications for Australian Generics policy. Australian New Zealand Health Policy, Vol. 4 (10).
Peng L. & Lim T. (2009). The rise of China and India: A new Asian Drama. London: World Scientific Publishing Co.
Rungta R. (1970). Rise of Business Corporations in India 1857-1900. New York: Cambridge University Press.
Schmitt J. (2009). The rise of China: Essays on the future competition. New York: Encounter books.
Simon L. (2007). Think India: The rise of the World’s next superpower and what it means for every America. New York: Penguin Group.
Skeffington R. (2008). The China-India Dialogue. The Melbourne Review, Vol 4 (2).
Thomas A. (2004). The peaceful rise of China: What does it mean for Australia and the region? Asialink Centre.