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To: Hawkmoon who wrote (52947)	5/18/2000 12:39:00 PM
From: LLCF	Respond to of 116791

< The US economy is growing faster than the Indian economy, despite the fact that they have 1 billion potential consumers providing a tremendous marketplace for goods and services> Hey, let's talk about 'growth'... according to government numbers, when one builds a dam for electric power, that power in dollars adds to GDP every year... yet the dead fish don't subract from it. How do other societies measure such things? Discuss, this is coffee talk. DAK

To: Hawkmoon who wrote (52947)	5/18/2000 12:56:00 PM
From: Raja	Read Replies (1) \| Respond to of 116791

Ron. ""the point I was trying to make was that India possessed such an unstable economy and such apparent corruption that most people feel that gold is their only true storehouse of value."" That I agree with. ""One final point... India has had every opportunity that Korea and Japan possessed for it to develop the necessary financial stability and incentives that would make them an economic powerhouse. "" The difference is that Japan, S.Korea, and other such fast developing/developed Asian countries are truly ONE SINGLE NATIONS with people in unity...... INDIA is a Sub-Continent with far too many internal differences and divided people, not a recipe for success. Though it is still an amazing achievement that such an encumbered and populous nation as India is as 'advanced' as it is today. Re: caste system - It was the ancient idea (and very practical for its time) of "division of labour" to run an efficient and propserous society. Let's stop talking about India and now get back to GOLD. Thanks + regards, RAJA