India and China economic growth

[No Capitalism]

These countries were third world countries, but now China and India economics are growing very fast. Why other countries are still third world countries, but China and India not? I know what is neocolonialism and I don`t understand how was it possible for India and China to grow their economies, because strong capitalist countries like USA used cheap labor from there, and soon(or maybe now) China and India will use cheap labor from other countries. I know this is very stupid question but I`m only 15 years old.

[amandevsingh]

There is a benefit, though. There is large proletariat, it is industrialised and workers are extremely maltreated. Does anyone see what I do? :thumbup1:

[Niccolò Rossi]

There is a benefit, though. There is large proletariat, it is industrialised and workers are extremely maltreated. Does anyone see what I do? :thumbup1:

I get concerned when people give thumbs up to the extreme maltreatment of workers.

[Niccolò Rossi]

Like socialist has noted, when we see extraudinary figures for economic growth comming out from places like China and India (even today), it's important to ask, growth for whom?

What's more than this, it's also important to understand the nature of the growth which has been experienced and whether the myth of the new capitalist 'Eldorados' really live up to reality at all. For some interesting analysis on this question you might like to refer to these couple of articles from the ICC:



China: economic miracle or capitalist mirage? (http://en.internationalism.org/wr/278_china.htm)



The sources, contradictions and limitations of the growth in Eastern Asia (http://en.internationalism.org/ir/133/china)

[Schrödinger's Cat]

The real wages in India have decreased or remained the same during the so-called "liberalisation":


You misinterpreted the article. It says growth in wages have decreased, not actual wages. Unless inflation has caught up with wage growth, there's a significant difference.

[amandevsingh]

I get concerned when people give thumbs up to the extreme maltreatment of workers.

Hehe, oops, I meant that it is ripe for revolution! Fight for the 5th international :thumbup1: