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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.44+0.6%Dec 12 4:00 PM EST

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dvdw©
To: elmatador who wrote (109674)1/14/2015 12:55:05 PM
From: Gemlaoshi1 Recommendation  Read Replies (1) of 218479
 
Elmat,

If you have not been involved in any infrastructure projects in India, you have no idea what an emerging market clusterf**ck is. I have been involved in several electricity generation/transmission projects there over the past 20 years, and it has been the most frustrating experience imaginable.

One-third of the residents have no access to electricity, yet due to their socialist political legacy, no one is willing to pay for infrastructure. A weak central government will not pay for projects that may benefit another political party in a particular state; states do not want to pay, but want to micromanage and control projects, and end-use customers considered electricity a political right and think it should be free. None of my projects ever got completed.

India may have a lot of potential for becoming the next center for low-cost labor, but will never come close to the Chinese growth rate because they have such a dysfunctional political system. They are a prime example of how it takes much more than foreign investment to make an economy function.

Dave

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