India VS China: An Advanced Technology Race | India VS China | The War Of Technology

The global economy is undergoing a rapid and technological transition. India and China are playing a decisive role in this change among the latest technology superstars. In many respects, China is five to six years ahead of India, while in some areas India is ahead and in others closing the deficit. While China's exports are high for production, India is the leading business partner. Competition for foreign direct investment is increasing, including large share of R&D. The Indian multinational, especially those with direct investment, is well ahead of Chinese companies not only in business services but also in the pharmacy, automotive and steel sectors. 

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India is likely to maintain its growth at 8% to 10% in the next two to five years, while China is likely to arrange a "massive landing" on a massive export-oriented growth country. Base growth, including growth for at least two years

Both countries face obstacles to maintain high growth, but India is on the path to more balanced development than private-sector investment, which includes much-needed infrastructure. China achieved huge growth of 10% to 11%, but half or more of that growth was accounted for by product exports and related investment. External and internal pressures are gearing up to incentivize family-based development, including through the yuan's wider assessment, while facing a severe setback.

The United States needs a strong and comprehensive policy response to China and India as advanced technology rapidly advances to the super state. In the short- and medium-term, economic policy issues will dominate, while long-term foreign policy and national security issues will be more important.

The current economic policy context of the United States involves some inconsistent combination of large and growing joint benefits from open trade, and the balance of international technology frameworks further hurts US technology leaders and the manufacturing and business services sectors, On a larger scale. Thus, the policy response needs to maximize the formal benefits of free trade, while adjusting the policy framework so that market forces can be competitive rather than competitive in the flow of trade and investment.

The most urgent economic policy challenge is the exchange rate policy, which falls into the category of unfair government manipulation. The International Monetary Fund (IMF) prohibits currency formation in order to take advantage of unfair competition in trade, especially through large-scale purchases of foreign exchange from central banks. China, along with a few other Asian trading partners, has been trading their currency at a historically unusual level. The IMF and the World Trade Organization must make a decisive decision to end currency trade in order to trade Pakistan, the United States, Europe, Canada and others will suffer negatively.

For trade policy, the formal benefits of free trade should be further enhanced by bilateral free trade agreements with the US, especially in the middle of the Pacific, as the United States avoids any other Asian trade deal. US-Korean FTA congressional approval is campaigning for this path. The long-term objective is to strengthen multilateral FTAs ​​in multilateral and free trade agreements, at least for non-agricultural trade.

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Helpful household economic policy agendas are also needed. In recent years, trading partners, especially China and India, have boosted their economies for more investment-friendly investments, while the United States, in many areas, has been friendly in investment. Specific policies for the United States that need change to strengthen export competition and technological innovation include public support for education, basic R&D, energy, corporate tax and tariff reforms.

In the long run, the technological economy of the world economy is leading to a radical change to the global economic and political order. The New World Order is the United States, China, and India - more focus on the three existing or advanced technology superstars - along with the European Union, a modern technology superpower, although not a unified military and foreign state policy. These four latest technological superpowers, with the most advanced technological regions in North America, Western Europe, East Asia and South Asia - are the main economic powers.

These momentous developments are leading to a new order of international relations. In terms of nation states, the new Asia-Pacific Triangle of the United States, China, and India will increasingly play a decisive role in the course of international events. And in this context there would be a very different world order of nations if all three were democracies, based on the rule of law and individual freedom, rather than facing the current political divide between the two largest democracies and the largest authoritarian state.