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ALIMARCAN, Janella Mae L. 4BLM Feb.

18, 2014 Blog #4

The Elephant and the Dragons threat


Strong economies are emerging throughout the world, yet it has been the Asian giants, China and India, that have occupied our attention by taking global markets by storm and creating an excitement about new economic possibilities. They have stand up from being poor to becoming two giants, making them a bit of a threat to the Philippine companies. Chinas data has shown strong wage growth throughout the country, the emergence and growth of a middle class with dispensable incomes and an improvement in economic and social indicators. Keeping its population size in mind, China has more people with access to the internet than any other county in the world. They also lead the world in the number of people who have cell phones. Indias success is not felt much throughout the society than China. Its because two-thirds of its population depends on agriculture for its livelihood.

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