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India is surrounded by following Countries:

   
North China
East Nepal, Bangladesh, Myanmar, Bhutan
South Srilanka
West Pakistan

 

Out of these, China and Pakistan are main neighbouring Nations

We will study about development Polices of China and Pakistan in this Chapter

 

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Why it is important for Countries like India to Understand Development Process of Neighbours?

Due to Increased Globalization

There is lot of competition from developed countries like USA as well as developing countries like China

Hence ,it is important to understand the development process in these countries so that

  1. We are able to compete with them better (as we share common economic activities with them)
  2. We are able to learn from good economic policies adopted from them and implement them in our country
    We are also able to understand mistakes committed by them and not repeat them in our own country
  3. It is better to comprehend own strengths and weakness on comparing with neighbours

 

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Question 1

Why it is important for Countries like India to Understand Development Process of Neighbours?

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Transcript

Which countries we will study in this chapter? China Pakistan vs India What will be Study? We will study Development Policies, Indicators and Experiences Of China and Pakistan in comparison to India Why to Learn Development Process of Neighbours? To better Compete with them To learn from their Good Economic Policies and Mistakes Understand Own Strengths and Weakness

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Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years and a teacher from the past 16 years. He teaches Science, Economics, Accounting and English at Teachoo