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When incoming Chinese President Xi Jinping takes office, he will be dealing with a public that is increasingly concerned about issues beyond simple economic growth. Such problems will provide some daunting challenges for the new president and his team over the next few years.
The news out of Pakistan is unrelentingly bad, but headline-grabbing events obscure a more insidious problem: the profound economic challenges facing Pakistani society. And this economic malaise is worsening, thus complicating India’s relationship with its neighbour.
Pakistan is a country beset with political difficulties, but they could be of secondary importance to its economic woes. The truth is that the Pakistani people are deeply troubled by the plight of their economy and their own economic prospects.
Despite more than 90% of Chinese feeling that they enjoy a higher standard of living than their parents, concerns over corruption, social inequality and food safety are growing.
The economic euphoria in India over the last few years, inspired by the country’s seemingly inevitable march toward double-digit growth, has soured. Although still relatively upbeat compared with many other countries, the Indian public’s confidence in their country’s direction and future economic growth has declined significantly.
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