Topics: Economics, World Trade Organization, Economic development Pages: 4 (1356 words) Published: November 21, 2013
A family is made up of two or more people, related by birth, marriage, or adoption and residing in the same home. Society’s definition of ‘family’ is expanding and includes single parents, blended families, unrelated individuals living cooperatively, and homosexual couples, among others. Unfortunately, family guidelines have been slow to catch up to changing trends in modern lifestyles (Crawford, 1999). The complex family, or a family structure involving more than two adults, was prevalent before the industrial revolution. The primary component in traditional society was the group, not the individual. Individuals functioned as part of groups in such a way that their lives were greatly influenced by the group even more so than by their own individual beliefs. The most important group had always been the family, which include a broad sense of association even among those family members living in separate residences. In addition, social groups, clubs and associations were instrumental in providing a feeling of China and India have achieved extraordinary rates of economic growth and poverty decline. Together, these countries make up over a third of the world’s population. The surfacing of China and India as chief forces in the global economy has been one of the most significant economic developments of the past quarter century. Both are large geographically and have massive populations that remain very underprivileged. Many details of their economic growth experiences are in fact quite dissimilar. China stands out for the explosive growth in its industrial segment, which in turn was fueled by China’s willingness to act more quickly and aggressively to lower its trade barriers and to draw foreign investment. In contrast, India’s growth has been fueled primarily by rapid expansion of service industries, not the more conventional development course that begins with an emphasis on low-wage manufacturing. China's ongoing economic revolution has had a profound impact not...
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