Market size, location, and openness to trade can help explain why some markets are developing faster than others. In your opinion, what trade theories support the recent rise of China and India on the global stage? Explain your views in detail. Give specific examples.
Expert Answer
China and India – both are the new major consumers in the global market. They share similar features in their growth. Both nations were very restricted in their trade initially. The number of foreign investments in both countries was very low, especially in post world war era. Both followed a self-sufficient economy. There
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