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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Moominoid	7/29/2005 2:19:58 PM
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From some guy called George Friedman at Stratfor: "There is, however, another dimension to this. For a generation, China has been the place where hot money in search of high returns was destined. It was where the action was. It is no longer that place, except in the minds of the nostalgic and delusional. But India could well be. If one thinks of China in 1980, the notion that its bureaucracy, lack of infrastructure and a culture antithetical to rapid development would yield the economic powerhouse of 2000 would have been unthinkable. It was unthinkable. India is in China's position of 1980. It has a mind-boggling bureaucracy, poor infrastructure and a culture antithetical to rapid development. At the same time, it has the basic materials that China built on. As the Sino-U.S. relationship deteriorates, India can be a counterweight to China -- not in a military sense, but in an economic sense. If the United States has an economic alternative to China for investment, Washington develops leverage in its talks with Beijing on a host of issues. China, after all, still courts investment -- even as the Chinese buy anything that isn't Chinese. " Does anyone else get these letters from John Mauldin?

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