2point6billion, 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