Business Case Studies,Corporate Governance & Business Ethics Case Study, Flour Corp's Business Ethics Practices: Creating Six Sigma Standards in Staying Corruption-Free

Code : ITF0008

Year : 2004

Industry : General Business

Region : :India China

Teaching Note: Available

Structured Assignment : Not Available

Abstract: Though India and China enjoy many similarities, China has surged ahead of India in terms of economic progress. While India's per capita income is $440 China's per capita income stood at $990. In China, 3% of the population is below the poverty line and in India it is 30-40%. China opened up its economy before India and could therefore attract foreign investment which helped it to emerge as a 'workshop of the world'. Though India is trying to catch up with China in terms of foreign direct investment (FDI), China is way ahead. China received FDI of $52.7 billion in 2002 where as in the case of India, the figure stood at $4.67 billion. Since the opening up of the economy in 1978, China enjoyed a steady flow of FDI.