February 28, 2006


Dean writes about what makes India's economic growth so interesting, but says nothing about what made this success possible. This should be included in any discussion of India because it contains a message on how the United States should respond to the challange India represents.

India used to be a very poor nation. They were doing all the right things, except for the matter of corruption. They had a Socialist economy, planned from the top, and they had a closed economy, welcoming only revenue from their few trading partners. The first thing they abandoned was the trade barriers. Taking an action opposite to what some think is needed here began a pattern of growth and wealth creation which are taking down the other issues, even, now, the corruption.Those who point to the rest of the world and argue that we should move this country in the opposite direction are clearly wrong.

Posted by triticale at February 28, 2006 12:57 PM | TrackBack
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