During the Soviet Union’s superpower-years, many could have suspected that it could have easily been ahead of China, who then had a peasant society compared to highly literate country with enormous numbers of scientific, technical and other specialists, in the present day. However a high economic growth rates and increasing number of competitive industries, such as the technology industries, China is nowadays a huge player on a global scale.
Russia on the other hand has not integrated as deeply as China: huge amounts of Russia’s exports are mainly just natural resources, compared to China’s model of being a part of the whole product cycle and being nowadays a global manufacturing center that produces a lot’s of value-added products. China has been embracing globalization and integration, as Russia has remained cautious and xenophobic of it. China’s integration can be said to be thick as Russia’s integration is thin.
The reason for this can be found in the......
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Approximate Word Count: 370
Approximate Pages: 2 (260 words per double-spaced page) |