Summary Essay Example | Topics and Well Written Essays - 250 words - 69

Summary - Essay ExampleIndia has made well-publicized progress especially in technical education, and we also see that China has not held back.These cardinal countries have a breathtaking level and pace of investment. As clearly observed, China reforms led to the creation of 22 million new businesses employing 135 million good deal who would have remained peasants. This has greatly been facilitated through creation of Special Economic Zones where foreign companies which are willing to pass water modern factories hire cheap labor, and are exempted from taxes, leaving it to the government to build roads and other stand needed (Faigley & Jack 394).The big elephant phenomenon has been mainly due to the removal of barriers to the flow of capital from abroad. This has led to the arise of very effective and internationally competitive softwares and IT, together with the influx of multinational corporations like Starbucks and MacDonalds, which have some(prenominal) branches in these t wo countries, thus elevating the country from the crisis of 77% living on 2$ a day. These two countries have embraced the fact that technology is only one dimension of international competitiveness, and that low labor constitute is one more.We are individualists in our personal ambitions but we either follow or fail as one people in our search for economic progress (Faigley & Jack