Question 1: (400 Words)
Compare and Contrast the growth stories of China and India and discuss the nature of their comparative advantages. What are some challenges to the world economy arising from the rapid growth of China and India?
Question 2: (400 Words)
Discuss the main points of difference between growth strategies followed by the Latin American and the East Asian economies respectively. Which of the two groups of nations would you deem more successful? Explain critically.