Question

In a paragraph (or more), discuss some of the issues related to entrepreneurship in China and India as defined in the Harvard video (Billions of Entrepreneurs (Tarun Khanna)).

Answer 1

China and India are fundamentally different in terms of socio-economy . Both the nations are one of the most densely populated nations of the world . Population and tackling with population growth differs in the two countries, primarily because China's tendencies err in the direction of public interest , while India's err in the direction of Private rights. A common example being the existence of slums in the city of Mumbai amidst posh skycrappers , which happens to be the business capital of the nation . Indian democratic constitution invokes the belief that rights of individuals are sacro sanct . One of the primary reasons why India cannot build cities like china over night . Bulldozing slums is not an option that can be considered officially in India. Rights of individuals are protection under the law. Having said that it's not an absolute situation , but by and large by central tendencies that is one of the biggest difference of how things function in both the countries . Enterprising ideas and tendencies from the demography living in the slums and making then fruitful is nothing surprising in India . In china the system of government doesn't allow so . Stock market being another classic example . Stock market is somewhat tied to the overall ecnomic perfomrance in china