Posted by: nepal_tara888 July 14, 2004
Leadership That Gets Results
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Dear dash, It is true that i do not know your personhood. Thus, I have to assume I was born before you. You can correct me if i am wrong and that is the point of feedback and I can know you better or vice versa. See the theory of trade policy works fo China and India as they have comparative advantage in cheap consumer goods and specially india has a niche market that has comparative and absolute advantage in software manufacturing and back office support service sector. On the other hand, advance economies like USA has comparative and absolute advatage in highly capital intensive industries they deem highly strategic. However, the Western nations are hypocrites as they stultify free trade by giving subsidies and blocking poor nations agricultural exports by high tariffs and and other non tariff barriers like environmental standards or other child labour issues and much more. Where is the justice just based on economic theory. Should the rich nation not provide compensation to the poor when their industries get lost through the due process of globalisation? Alternatively too that China should provide compensation to the rich nation's increasing poor for the lost industries, so the workers can retrain and rehabilitate themselves in emerging industries. This is all utopia don't you think so! Asian countries are not smart like Western countries based on fundamental innovation and diffusion. Asians are good in copy cat innovativeness and reengineering. Asians like to stael patents from the West. That is the problem we Asians don't value ideas of others and only want to choro. That is also the problem of China and India as they are not pure market economy. India and China has still elements of Centrally Planned Economy. If China wants to be USA then it needs over US $ 3.6 trillion dollars just to upgrade its infrastructures. Where will it get that kind of money? So China will never eber be USA in quality of life terms. It has over US $ 500 billion bad debt problems and most banks are in the verge of collapse. India just needs over US $ 650 billion to mdernise its total crumbling infrastructure. So what it has US $ 125 billion? It may take another fifty to sixty years from Software industry to save its disgusting infrastructures. the question is where is the money coming from to pay for all the goodies to get total benefit of globalisation. CHINA gets annually FDI about US $ 45 billion and India hardly gets FDI over US $ 10 billion. So there you have it hypocrisy all over. I have tried to be balanced in terms of the debate between the North and the South bilatral, plurilateral and multilaterla talkfest. No wonder all kinds of lesser educated ones are so parochial in seeing the faceless GLOBALISATION MONSTER. Thus, the pritest all over in many many issues. G-7, G-9, G20 and many GREATER $$$$$$$$ Wallahs could do something for humanity "but for" their polity they cannot. You see the link in terms of war, trade and aid money at the hands of Neo-Cons of USA and directed by the JEWS inside USA.
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