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INDIA, CHINA AND GLOBALIZATION PROCESSES

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The paper aims to show the relationship between the economic processes taking place in India and China and the economic processes expanding on the worldwide scale. The dynamic development of both the Indian and Chinese economy has its effect on the world economy as well. The article presents the genesis of Indian-Chinese political and economic partnership connected with the new circumstances in the world economy after World War II and both countries' efforts to overcome development delays. It also shows the Indian-Chinese cooperation manifested in choosing the neutralist option in the foreign politics, the regress in Indian-Chinese relations, and the change in the international situation after the end of the military conflict in Vietnam. The opening of the Chinese as well as Indian economic space constitute the driving force of the progressing globalization process.
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