The Economic Rise of China and India and its Implications for Spain

The rise of China, and more recently of India, is one of the most important events in the development of the world economy in the late 20th and early 21st centuries. The main reason is that they are both demographic giants and, should the trend continue into the coming decades, it will significantly change the economic map of the planet. This paper deals, first, with the general shape of the economic boom in China and India in recent decades (factors such as GDP growth, foreign trade, the consumption of energy and raw materials, foreign currency reserves and tourism). It also examines the medium-term outlook for these countries, highlighting their strengths and weaknesses in terms of sustained economic development. Finally, the article briefly lists some of the possible implications of the rise of China and India, both now and in the future, for the Spanish economy

• Primary Source