Changes in the global economy – exercise 2
Peter Day talks to Professor Tarun Khanna, from Harvard Business School, about his book which looks at the economic rise of India and China and how they are changing the face of the global economy both at home and abroad.
This is a difficult subject, and Professor Tarun Khanna speaks very fast. It should help you to check some of the vocabulary you will hear first, and then to read the questions below a few times before you listen to the interview. The questions cover the first 8 minutes of the programme.
1 What does Peter Day say is now "extremely fashionable"?
2 Why, in the past, was this ‘huge new marketplace’ not taken seriously?
3 Peter Day mentions wondering where three categories of ‘new global players on the economic landscape’ are going to come from. What three groups are they?
4 Which country is described 1) as having become "the world’s manufacturing powerhouse" and which 2) "the supplier of global online services"?
5 Professor Tarun Khanna says the description above is a caricature. How does he modify or qualify this description?
6 What does he say China is able to do?
7 What does he say India is 1) unable to do 2) able to do?
8 Have these approaches come about by accident?
9 Can you name 3 of the 4 industries he mentions in connection with India?
10 Where does China’s strength lie at the moment?
11 What image might westerners have of India and China which accounts for the difference between the way the two countries work?
12 What is the result of ‘so much democracy’ in India?
13 How does democracy (among other agencies) try to protect individual property rights?
14 When does any society always face ‘condundrums’?
15 What illustration of a typical societal conundrum does Tarun Khanna give?
16 What is the consequence of India erring ‘excessively on the side of private rights’?
17 China errs the other way – with what consequence?
18 What is it that is causing difficulties on these grounds?
19 Who is ‘kicking up a stink’?
20 Which of the two countries does Tarun Khanna consider has been better at finding ways to compensate dislocated people, India or China?
21 Why has China had many more conflicts than India?
22 How does the professor describe the negative nature of some conflicts between China’s government and disenfranchised people?
23 Professor Khanna says that by and large the Chinese government has set up a mechanism to try to ensure that people who are being disenfranchised are compensated somehow. What does he say about these mechanisms in India?
24 Which bodies can you approach, if you want to claim justice in India?
25 Which country does Tarun Khanna consider will be the more successful of the two in the next 10 years?
The following 5 questions demand more detail than the previous questions.
26 Can you pick out any words or phrases which suggest that in the longer term India will be more successful than China?
27 What does Tarun Khanna say about the relative performances of India and China?
28 How does Professor Khanna express the idea that he does not know how China will perform – so we must ‘keep watching and find out‘?
29 What does Khanna consider ‘exciting’?
30 Who should benefit from the success of China and India?