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VOL. 27, NO. 34, May 09, 2008 (Baishakh 27 2065 B.S.)
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Giant Steps
Robyn Meredith explores how the rise of India and China will impact the world in coming days
By KESHAB POUDEL
At a time when the rise of world's two populous nations of Asia is generating a lot of interests, queries and discussions, Robyn Meredith, a foreign correspondent for Forbes Magazine has attempted to explore the issue.
Sandwiched between Asia's two major powers India and China, their economic development and prosperity is quite important for Nepal's future.
The high economic growth of these two countries can bring prosperity to Nepal. Based on the observation on the development and expansion of worlds' two economy, the writer has tried to explain their implications.
The thoughtful analysis of the writer gives account of the challenges as well as the opportunities involved in the economic miracle taking place in the Asia's largest countries. Based on actual data, her observation is purely objective and balanced.
Although the book discusses much about economic development and opportunities, the author also minutely describes implications to Nepalese economy.
As Nepal has been passing through a very critical phase of its history, its political instability and chaotic situation will make a difference in India and China. Bordering with both these neighbors, they cannot ignore Nepal's development as both of them have high security stakes here.
"Trouble in Nepal could provoke tensions between India and China. Nepal's politics are unstable. Yet, India feels it cannot let Nepal become a failed state, because the nation, albeit famed for its peaceful temples and soaring mountains, also serves as a base for violent groups that could attack India. Military experts say China would likely react if India interfered in Nepal. Neither China nor India wants to be pushed into conflict, but they could end up butting heads," writes the author.
Meredith explains challenges of globalization and opportunity. She observes how remarkable is the rise of China and India. She also observes dramatic shifts in global commerce that are impacting all business and consumers.
Like all other parts of the world, one can see the shift of power in the Nepalese context also. Thanks to the mass production, Chinese and Indian goods are gradually available all over the country.
Nepal's economists are talking about the need to make Nepal as a linking state between the two countries.
Meredith explains how vast changes are sweeping the region and how they can thrive in the age of the elephant and the dragon.
The book contains very interesting data regarding economic development. Although Nepal is between these two big countries, only a few know what is going on there.
After the transformation of the pattern of the relationship from strategic rivals to business partners between China and India, a country like Nepal will have a different future. This is what one can see in the book.
The book is well written highlighting all the development activities of two of the great economic stories of this century.
The Elephant and the Dragon
The Rise of India and China and What it means for all of us
By: Robyn Meredith
Published by: Vinod Vasishtha for Viva Book Pvt. Ltd, New Delhi
Price: IC Rs.395.00
Pages: 252
