Finance, Forex and Investments

Why is the economy doing so well in China and India?

I'm shocked at the level of office towers and factories poping up every day in China and India. Why is the economy doing so well in China and India? And Dubai I'm just shocked.If I cannot find job in the US I'm moving to Dubai .

Public Comments

1. Is it really?? Is because they have just started to become part of the industrilized wagon but still the U.S has them beat.
2. cause we are consumers and they are producers. Producers make money, consumers spend money. Dubai is the pinacle of all aspects of western civilization but they really should do something about the ecology. If not, they're gonna eff up their enviroment pretty badly. Oh yea takin dubai into consideration. UAE was one of the greatest producers of oil which is why the country was so rich in the past, before they spent it all on Dubai. China is a producer of rice, electronics, dolls, many natural resources, wood furniture the list goes on and on and same for India
3. they have great growth potential not in dept in fact we borrow from them
4. Let's pretend an American want $40,000 a year to work for you...a chinese worker is happy getting $1,000 a year. Which one would you hire? Where would you build your factory? Would you rather be paid $40,000 or $1,000?
5. China and India between them have a third of the world's population. Then of course they have the rest of the world as their customers. Don't go to Dubai, they are a basket case, and have defaulted on their loans.