Which of the following statements about the development process in Ind.pdf
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India showed faster rates of GDP and GDP per capita growth than China, advancing further in economic development. Both India and China initially adopted inward-oriented strategies before transitioning to outward-oriented development. Import-substitution industrialization proved to be a successful growth strategy for both nations.
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Which of the following statements about the development process in Ind.pdf
- 1. Which of the following statements about the development process in India and China is true? China moved to an outward-oriented development strategy after India did. India showed faster rates of GDP growth as well as GDP per capita growth than China, which has brought it further along in the process of economic development. For both countries, import-substitution industrialization was a very successful strategy in terms of enhanced growth rates. Both countries started with a more inwardoriented strategy and ended up with a more outward-oriented strategy.