"In the space of a decade, China and India have emerged as dramatic, dynamic competitors"

This quote by Peter Mandelson is describing the quick economic growth of China and India in the past decade. He is emphasizing the fact that these two nations have actually ended up being major gamers in the global economy in a very short period of time. This is because of their big populations, plentiful resources, and their determination to embrace new technologies and global markets. As a result, they have become formidable rivals in many industries, including production, technology, and services. This has had a major influence on the international economy, as these two countries have actually ended up being significant sources of investment, trade, and development. As an outcome, the world is now a much more competitive location, and business should be prepared to take on these 2 countries in order to stay successful.