Globalisation: India and China- Reaping the benefits:who has done it better??
September 29th, 2007 - by 2point6billion.com2point6billion, today, brings to you a wonderful discussion on the effects of globalisation on India and China by Dr. Pradeep Taneja, and Dr. Salim Lakha, lecturers, University of Melbourne, Australia. This is called :The Melbourne University Up Close, a fortnightly podcast of research, personalities, and cultural offerings.
We first get you a feel of it to run for the rest: a bit of teaser if you like to call it!
China had a head start over India in opening up its economy and attracting foreign companies, foreign investment and therefore creating more employment…
…It was interesting that last year, of the 3,000 or so graduates from all the IITs in India, only 18 went to work overseas …how Indian graduates who used to earlier live and work overseas for multinational companies, and that has turned around. For example, the prestigious Indian Institutes of Technology, in the past, before these new economic policies came into effect…
…the future of China’s economic reforms and these current economic policies will really depend on how these political issues are resolved. I mean, the famous New York Times columnist, who wrote that book [The] Lexus and the Olive Tree, he compares India and China to two cars, driving on two different roads. He says, India is like a car driving on a bumpy road at about 60-70kmph. China is like a car driving on a very nice expressway, very smooth expressway at 130-140 kmph. But the difference is…..
Remember the Chinese Growth Model- will it survive? on 2point6billion on similar lines..
“….. untenable. I mean, ideologically, it is already very difficult for the Chinese Communist party to continue to justify their economic policies in ideological terms. And I think in the longer term it will become difficult to justify it to the Chinese people, particularly the growing middle classes in China….”
You just cant miss this out. Follow the link and enjoy!
And I will wait to see what you have to say
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October 2nd, 2007 at 6:12 pm
china do much better than india. china infrastructure & country very rich compared to india. india take atleast 50 years to catch upto china.
October 3rd, 2007 at 3:58 am
China has been constantly moving ahead in its plans of devolopment, while India became open to FDI after its 1991 eco policy, China woke up much earlier and was far ahead in opening up wider limits and sectors of investment.
Grt talk out there, thanks for sharing it
October 3rd, 2007 at 2:11 pm
My first post. I am in Dubai. Here also like China there is lot of devlopment and the government has taken initiative to build the city where it is today. China the world looks at you and many worried that you will rule the world in next 2 decades.
October 3rd, 2007 at 4:46 pm
The bigger difference between China and India will remain the policy matter and decision. In India what ever ruling party will take decision there will be oppisition irrespective of weather even opposition are also getting benefit ie the reason the China will remain ahead of India.
October 4th, 2007 at 3:03 am
speed bump,hmm. For China, it is like earthquakes. The government has to find way to channel hidden energy to let out small earthquakes rather than to accumulate the energy so that a big earthquake will happen sooner or later.
October 5th, 2007 at 2:50 pm
India 50 years behind China ? I don’t think so. China’s economy is not so strong. You can’t have a global business without a strong domestic business and none of China’s domestic companies are strong globally. India’s are. The Reserve Bank of India is in better shape than the Industrial & Commercial Bank of China as an example. And Indian companies are buying up international businesses. China’s are not and cannot. China is overplayed and overhyped, and has far too much Government interference in it’s commerce. India is freer and far more mature. By the way - I have lived in Shanghai the last five years and am from Bombay, so I can speak with some experience.
Regrettably for China, the world does not speak mandarin, and it is not a democracy. These things are now starting to hinder the PRC’s development.
October 6th, 2007 at 1:10 am
well, I stayed in shanghai for ten years and mumbai for two years. to a degree, i agree that china’s overhyped. But equally regrettably for india, only elite speaks good english. Its democracy is not on a strong basis of mass and only good thing coming out it is holding india together. low literacy, bureaucracy and casteism would perpetuate current elite dominated society for many years to come.
October 6th, 2007 at 1:11 am
well, I stayed in shanghai for ten years and mumbai for two years. to a degree, i agree that china’s overhyped. But equally regrettably for india, only elite speaks good english. Its democracy is not on a strong basis of mass and only good thing coming out of it is holding india together. low literacy, bureaucracy and casteism would perpetuate current elite dominated society for many years to come.