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It is important to mention at the very onset that the remarkable economic growth success of China and India is viewed as a miracle. Bloom et al (2006) refers to China and India as the two “population super-powers†in the world. Weisskopf (1975) mentions how both these economies had a number of similarities between them in terms of huge population growth and the need for its citizens to acquire a better standard of living through the means of economic growth as well as to acquire the capability to self-support a flourishing economy...
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It is important to mention at the very onset that the remarkable economic growth success of China and India is viewed as a miracle. Bloom et al (2006) refers to China and India as the two “population super-powers†in the world. Weisskopf (1975) mentions how both these economies had a number of similarities between them in terms of huge population growth and the need for its citizens to acquire a better standard of living through the means of economic growth as well as to acquire the capability to self-support a flourishing economy...
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