ABSTRACT

The most commonly heard talk in the era of rapid globalization is the rise of China and the prospective rise of India. This would not be the first time that an Asian giant has risen. About a hundred years ago, the world was surprised in some ways at the sudden rise of Japan, but at that time it was the result of a defeat of aWestern nation in famous naval battles off the Tsushima Strait. The rise of China and the projected rise of India as an economic power will inevitably put the two most populated countries in the world against each other in many ways. There will be a scramble for vital resources, competition for markets, and rivalry for strategic space in the years ahead.