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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (5199)4/29/2004 9:22:29 AM
From: Wyätt Gwyön  Read Replies (1) of 116555
 
actually do not think India, in terms per capita GDP, can catch up China in the next 25 years. Let's see

i don't have an opinion on that; you may be right. it also seems China's growth path with a manufacturing focus is much more capital intensive than India's service focus, and so is likely to enrich a greater number of people directly.

however, unfortunately neither India nor China will have the opportunity to really grow their per capita GDPs at a fast clip for very long, due to peak oil. imo peak oil will devastate all industrial economies.
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