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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (27301)4/12/2005 11:24:43 AM
From: SouthFloridaGuy  Read Replies (2) of 116555
 
I would argue that the biggest winnner out of all this will be India.

India's banking system is solvent, it's foreign exchange trades relatively freely, a great number of population educated, a democracy, its people are free to think for themselves and still remains the world's low-cost center. It has grown organically and on 1/10 the FDI China has received. It doesn't not need technology "transfers", it learns the old fashioned way - by mistakes.

As we have learned by the US in the 30's and the Japanese in the 90's, a country is nothing without a solvent banking system - that's the Achilles Heel of China.
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