It’s Morning in India
nytimes.com
nytimes.com
In strictly utilitarian terms, a strong India is far more to our advantage than an empowered China. Pakistan is a crucible for radical Islam and a haven for terrorism, while China is chronically autarchic and mercantilist. I fear that neither is ever likely to integrate well with the existing group of first-world nations. So far, India appears much more compatible.
Fortunately, it seems like attitudes have been changing in recent years. Liberalization and outsourcing (not without its own problems, obviously) have opened India to the west, while people are starting to realize the westernization of China and Pakistan isn't as inevitable as was once claimed.
- India is usually very open to debate, on just about anything. - Radicalism, though exists in India in pockets and in different forms, is not a chronic national disease. - People understand the language of development now (to a large extent) - Knowledge and Education is very deeply valued. Its a part of how most Indians think. - Corruption is rampant, but media is becoming extremely vigilant. We have a Right to Information, which has been used to great effect recently to curb corruption and malpractices. - Lastly, we are a democracy in the true sense of the work. 80% of Indians are proud of it.
We are chaotic and corrupt and crippled with hundreds of problems, but at the same time, we're enterprising, hard-working, mostly ambitious, and mostly open-minded.
Perhaps we shouldn't argue over what we cannot quantify.
Not very helpful.
As a South Indian, there are not many things common between me and a Pakistani.
Now as to not having things in common, I have to disagree. There is a distinctive desi-ness to our affairs, which in my eyes still binds 'Maula Jatt' and 'Endhiran' as belonging to more or less the same culture. Just my opinion.
You can't whatevernize China. China is just waking up from a 100 or so years of slumber (or catharsis) into its rightful place in the world.
Riduculous of course - just like the idea that those Japanese could ever make cars as good as Americans, or motorbikes as good as the British or cameras as good as the Germans.
When India is really up to the standards of the US, it's not going to be cheap anymore.
Indians are sufficiently entrepreneurial - especially given the constraints they work under. I am quite confident that Indians would figure out a model that will continue to work.
The Rupee-Dollar arbitrage is the biggest advantage Indian IT companies are enjoying right now.
Penny wise, pound foolish.
Currently Indian IT majors have no or very low focus on local Indian consumers.
India's largest software exporter, TCS get its almost 10% revenue from domestic clients. One of the major client is Government of India ofcourse.
Like... that you can somehow craft a process that will take any given human being and make them into an excellent worker, free from abnormalities and flaws?
Rather like Chinese products or Indian software is now.
What? They may have taught the world about debt but certainly not free market. Adam Smith wasn't even American.
"The U.S. seems sadly unprepared to take advantage of the revolution it has spawned. The country’s worn-out infrastructure, failing education system and lack of political consensus have prevented it from riding a new wave to prosperity."
the number of infrastructure projects in and around major cities are growing exponentially. new airports, busniess parks, highways you name it... to add to this, india is not just out-sourcing.. yes it is a 70 billion dollar industry but there are lot many things going on in india.
yes given the beaurocracy things might not be apparent but india is coming into its own slowly but surely
Selling software != Selling consulting
the French government's decision to raise its pension retirement age from 60 to 62
That's the early retirement age they're raising, to the same 62 as the US has. The normal retirement age is being raised from 65 to 67, 1 year later than the US at 66. Oopsies.
http://www.cepr.net/index.php/blogs/beat-the-press/more-comm..., confirmed here: http://en.wikipedia.org/wiki/Retirement
Despite it all, I enjoy reading Friedman. Even though his job description is apparently "be professionally wrong about everything for the New York Times", there's something cozy and comfy about his writing. His tone communicates that the world makes sense and the moustache will explain it to you. What's interesting is how nice it makes one feel, even when one knows the probability of any sentence being bullshit approaches 1.
Edit: Friedman also has the merit of inspiring the greatest smackdown review of our time. There aren't nearly enough laughs of this calibre in this world:
Actually, Friedman gets a bit of a bum rap because he's so fun to make fun of. As long as you ignore all the (pseudo-)facts, some of his insights are pretty good.
Edit: It is interesting to consider how some of this stuff makes it past editors at a leading world newspaper, though. If people like us can google these things in our limited spare time, what the hell are they doing?
I could not have put it better myself.