The emerging economies of China and India have great potential to challenge the unipolar world. Do you agree with the statement? Substantiate your arguments.

Solution

After the Cold War, the relations between India and China were strategically organised as growing economic powers in world politics and to dominate the Asian economy. On these grounds, it can be demonstrated:
1. India and China's new economic policies have freed them from economic stagnation.
2. The emergence of special economic zones sparked a remarkable rise in international trade.
3. In the entire world, China has emerged as the most significant location for foreign direct investment. As a result, it has substantial foreign exchange reserves that enable it to make sizable investments abroad.
4.In the World Trade Organization, China and India have also adopted similar strategies to further integrate with the global economy and threaten the unipolar world.

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