Finance, Forex and Investments

Why is asia an emerging economy especially india and china?

Public Comments

1. China's economy is booming because people work for slave wages. And companies wants their stuff made in a place where the workers have very little rights. Which is ironic when Communism was supposed to be about the workers gaining back power from the people who own everything. But it's not Communism in China anyway, it's State Capitalism. As for India, the outsourcing of American jobs, because Indians are willing to be paid a lot less than Americans, is contributing to their emerging economy. See, I can only tell you from an American perspective. ::shrugs::
2. Call centers (in India)!
3. India...........
4. likwiddraino000 is absolutely correct!
5. cheap labor.