It's hard enough to compete against these established Tech Giants if they just come in and buy all the domestic companies. Not to mention the companies are starting with a massive head start.
It's hard enough to compete against these established Tech Giants if they just come in and buy all the domestic companies. Not to mention the companies are starting with a massive head start.
What worked for China was acting a fool for a few decades. No rules, no regulations, nothing.
Like a boa constrictor, staying motionless, allowing its prey to feel completely relaxed, then slowly but surely, tighten its grip until it's too late for the prey to escape.
With its proximity to China, India could have had China's business.
What china did was nothing special. It wasn't revolutionary. It was what every industrial power today did - from the US in the 1800s to germany and japan and the asian tigers like south korea and taiwan did. Protectionism + foreign investment + manufacturing.
The united states created the blueprint for success in the 1800s. All the smart nations have copied it and gotten successful.
One of the first things the US did was to place tariffs to protect local industry. And for 100 years, protectionism was how the US rose from a relatively insignificant nation to the largest economy in the world.
https://en.wikipedia.org/wiki/Protectionism_in_the_United_St...
Without the tariffs and protectionism, the US industries would have been owned by britain, france, etc. Or maybe it was like a boa constrictor. I don't know.
The tarrifs then increased during every war the US had with Britain.
It’s no surprise that the US talks of trade wars, due to the way its history of tarrif is entangled with warfare, and dislike of the nations a tarrif is aimed against,