Problem
From an economic point of view. India and China are somewhat similar: Both are huge, low-wage countries, probably with similar patterns of comparative advantage, which until recently were relatively closed to international trade. China was the tint to open up. Now that India is also opening up to world trade. how would you expect this to affect the welfare of China? Of the United States?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.