Comparative analysis of India and China focused on the economic and political development

• Název v anglickém jazyce: Comparative analysis of India and China focused on the economic and political development
• Klíčová slova anglicky: China, India, economy, politics, growth, development, comparison
• Akademický rok vypsání: 2010/2011
• Typ práce: diplomová práce
• Jazyk práce: angličtina
• Ústav: Institut ekonomických studií (23-IES)
• Vedoucí / školitel: doc. Ing. Tomáš Cahlík, CSc.
• Řešitel: skrytý - zadáno vedoucím/školitelem
• Datum přihlášení: 14.12.2010
• Datum zadání: 24.02.2011
• Datum a čas obhajoby: 20.06.2011 00:00
• Datum odevzdání elektronické podoby: 19.05.2011
• Datum proběhlé obhajoby: 20.06.2011
• Oponenti: prof. RNDr. Jiří Hlaváček, CSc.

Seznam odborné literatury

[1] Alan Greenspan, “Věk Turbulencí”, Fragment 2008
[2]Bardhan Pranab, Awaking Giants, Feet of Clay: assessing the economic rise of China and India (New Jeresey: Princenton University Press, Amazon Kindle Edition 2010)[]
[3]Gari Gereffi, “Development Models and Industrial Upgrading in China and Mexico”, European Social Review 2009, p. 37-51
[4]The Economist
[5]www.imf.org
[6]www.worldbank.org
[7]Yujiro Hayami and Yoshihisa Godo, “Development Economics: From Poverty to the Wealth of Nations”, Oxford University Press 2005

Předběžná náplň práce v anglickém jazyce

India and China are two large Asian countries which share some common characteristics, but there are also differences between them. Both of these two countries are experiencing rapid economic growth. They are so called emerging markets. They have managed to attract a lot of foreign direct investments. Also some local companies from these countries have become large global players. Indian Tata is a good example of such company. Both countries are important sources of innovation in all kinds of possible sectors from business management to medicine. It is a well known fact, that many companies have moved their research and development centers and manufacturing activities to China. Concerning the differences, the most striking difference is the regime. China is a totalitarian state, where as India has a democratic regime. This thesis will compare which forces were promoting the rapid economic growth in these two countries. Few parts of the thesis will focus on the historical development of both countries in the modern history with stress on politics and economics. Other part of the thesis will briefly deal with the property rights and their protection. The ownership of property and enforcement of these laws will be examined. Another factor which will be compared in connection with laws is the judicial system and the effectiveness of courts. Also the corruption level will be compared. The reason for the analysis of these aspects in connection with the economic growth is that good protection of property rights encourages people to invest and start businesses. Effective judicial system, low corruption and laws which ensure that business and people honor contracts which they sign increases the level of trust which people share toward each other. And trust is essential for businesses to develop and also to attract FDI. Another part of this thesis will focus on the measures which were undertaken by governments in these two countries to promote the economic growth and to attract foreign direct investments. Other chapters will examine economic characteristics of every country concerning labor costs, land costs, size of different industries and so on. This chapter will also analyze strengths and weakness of economic systems in both countries and the development of their markets. Another chapter of this thesis will try to determine which pattern of economic growth these two countries have followed. Especially it will try to determine whether the country has followed the Kuznet’s pattern of Marx’s pattern. Needed information for this thesis will be retrieved from different statistical databases and also from different papers and books dealing with politics or Economics in China and India. This thesis will contain two hypothesis which will be either proved or rejected. The first one is that the main reason, why foreign investors are attracted to these countries is low cost of doing business (especially cheap labor) and everything else is of lesser concern. Second hypothesis will be that these two countries can no longer be qualified as emerging markets, because they have already emerged. Methods which will be used in this paper are analysis of historical data, including analysis of timelines and comparative analysis. In order to determine whether economic development follows Kuznet’s or Marx’s pattern of growth an application for all needed calculations will be created in Microsoft Office Excel.