India and China: Opportunities and Challenges For Tanzania's Economic Prosperity.

    Globalization can be defined as “the process through which an increasingly free flow of ideas, people, goods, services and capital leading to the integration of economies and societies” (Köhler, H. 2002) takes place. The globalization phenomenon has manifested through changes in international trade patterns, movement of people and flow of capital. The integration of rapidly growing emerging economies into global economic system, as witnessed by China and India, has been among the most evident features of the phenomenon in recent years. The growing presence of China and India in international investment and trade provides a real opportunity for trade and economic growth for least developed economies,

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ESRFs activities are supported by the Government of the United Republic of Tanzania, United Nations Development Programme (UNDP), African Capacity Building Foundation (ACBF) and International Development Research Centre (IDRC)