Many western scholars have shown concern over the duo's rise and impact on the world. In his book, Chindia Rising, renowned scholar on global business, the Charles H Kellstadt Professor of Marketing at Emory University's Goizueta Business School, Jagdish N Sheth, dispels some of the concerns.
Some authors have an alarmist view on China and India's rise. How would their rise benefit the world?
Apprehensions relating to China's rise are primarily because it has been a communist system. These two economies are almost necessities for advanced econo�mies.
The main reason is that advanced economies no longer have growth within their economies. They are affluent, and as it happens with affluent countries, their population is ageing with negative growth.
Thus, they need to look outside for growth. One way obviously could be massive immigration into these countries, but that is difficult because of political reasons.
Even in the US, which is founded on immigrant population, allowing immigrants has been a big issue. So it is emerging economies like China and India where advanced economies will have to look for growth.
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