Last week's issue of The Economist had a survey with eight articles covering the range of issues facing India and an interesting piece about the different ways the current economic outlook threatens India and China. If you're interested in either of these topics, check it out.
The China/India comparison is fascinating. I'm more than a little concerned about social unrest in China over the next few years. Their economic growth has been massively dependent on exports to consumers in the West. And two months ago those consumers buying. As factories in China close, a lot of people are going to be out on the streets and angry. And historically, China has been vulnerable to social unrest. Look for whether their businesses are able to respond to the new environment and how successful the government is in quelling public demonstrations.
For all its inefficiency and corruption, India's democracy at least provides a pressure valve for its society's discontents.
1 comment:
ooh, this sounds cool! i know there's old copies of the economist lying around in the library... i'll have to get ahold of the right one. (somehow reading magazines online is no fun... i love the cheap glossy paper too much!!)
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