Indian and Chinese wealthy individuals moving to more developed part of the planet is a world wide phenomenon as more places, more often than not English speaking, have a welcoming multi cultural environment and allow migration of people with capital. Wealthy people want the best schools for their children, safe and secure nieghborhood, clean environment and also a safe place to park or invest their capital. With rise of the Asian Tigers such as Korea and Taiwan, we have seen many wealthy families from these countries move to the US in the past, now the same thing is happening for China and India moving to different places. In the micro scale these migrations of wealthy people help the growth of diaspora community, I would think. For example a Chinese investor would open an All You Can Eat (AYCE) Buffet restaurant that would provide employment for local Chinese students or new immigrants. I have also seen Chinese pharmaceutical companies moving part of their company in the US, so they would be closer to the US market and produce food supplements while most of the ingredients used in the formulation would be sourced from China. These are all supposedly positive things for both countries, but in effect it ehhances the power of the mother country through the empowerment and enhancement of economic as well as political clout of the diaspora community in the host country. So the transfer of capital which is a negative for the mother country is compensated by the increase in influence and presence in the major markets for their products.
In the bigger picture these migrations probably have little effect on the macro issues, such as geopolitics and balance of power.
The difference between rich and poor or social inequity is a factor, but I would argue that it affects India more because of hunger, malnutrition, education and skills training for a significant part of the population, as China has progressed quite a bit in these areas:
File:UN Human Development Report 2010 1.PNG - Wikipedia, the free encyclopedia
Since Korea and Taiwan followed a similar development path just two decades ago, we can also assume that China will also reach developed status in another two decades. Japan also went through a rapid modernization and industrialization period after Meiji restoration period, that was at least a century ago. Communist Party in China probably will get more democratized internally although I have no idea when they will switch to a multi-party system and I am not even sure if it is really that important. As long as the govt. is successful in achieving high growth 9-11%, I believe Chinese people will not care much about what type of govt. they have, Only when the govt. fails to perform, there will be questions and demands for change.
Ok, tazzy no hard feelings, sorry if I have misunderstood you. I have seen the video, very informative. Central planning has its problems and income equality is getting worse. People cannot afford the apartments that are for sale. China may have social problems, the question is whether the govt. can weather them, I think they will be able to, because they have cash and since a failure may mean a Soviet style break up with Xinjiang and Tibet trying to get independence, most Chinese will try to avoid a scenario like that.
Gokiburi said it well, China already rules the world. The US may have more fire power and better technology, but economically they may have already lost the war, so its just a matter of time, that China achieves full technology and military dominance. India is not in the picture yet, but it should not be ignored, as it also has similar ambitions.
Lets consider an unthinkable scenario, that suddenly people in the US become conscious of their own interest, stop listening to the 2% elite controlled Republican propaganda, a huge majority of 98% unites under the Democratic party and takes overwhelming control of the 3 branches of govt., executive, congress/senate and overrides the Supreme Court rulings with legislations and even constitutional amendments if needed, in short the people revolt and take back control of the govt. from elite. Then they proceed to kick both China and India from WTO, on the ground of human rights in Xinjiang, Tibet, Kashmir and Indian North East states, based on a world wide consensus in the UN. Will this change China and India's prospects?
But wishes are not horses and the above is a fantasy that will never happen.
I think after the fall of Soviet Union, the US and the EU should have been much more careful in allowing China as well as India market access for their products and services, as these countries will eventually take away Western dominance. Instead of depending on a totally idealistic free market system, which favors large countries like China and India, trade should have been made more strategic, reserved for allies and countries that are smaller than US, which is actually the rest of the world. I think it was a great strategic mistake on the part of the US as well as EU, in my personal opinion.
But if you notice the biggest advantage China and India has, it is their size. EU is an effort to also gain this advantage of size, which the US has over individual European countries.
Is it possible to have a Union going in East Asia like EU, lets say with all countries East of India, all the way to Japan, like the old Greater East Asia Co-prosperity sphere? There is ASEAN 10, but it does not include all countries in this area. Is it possible to gain the advantage of size and weight in such a Union, so countries can collectively face the security threat coming from large countries such as China and India?
There is African Union and there is UNASUR, which eventually may include Mexico and turn it into a Latin American Union. For the time being, there is nothing much noteworthy going on in the Middle-east and Central Asia, that is to the West of India and China. North America, EU, Russian speaking countries could form another Northern Union, but I doubt it will happen, some people are still living in cold war era it seems. Will these kind of Unions help countries and regions gain the advantage of size to withstand the threats from future hegemonic powers like China and India? The threat from the new hegemonic powers is that they will start their game of exploitation and divide and rule like the past great powers once they achieve their global predominance. Britain and France broke apart Ottoman empire, British when they left India, allowed its partition, the US for its part played a lot of nasty games in Latin America for more than a century, while leftists like Trotsky and Che Guevara were trying to unite Latin America. So the situation will be the same with China and India, they will try to create their many layers of sphere of influence, from immediate neighborhood to global. So I believe there is a small window of opportunity of around a decade to make this happen, after that it might be too late as the opposing forces will be high enough to nip any efforts in the bud.