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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (9944)	7/15/2003 7:06:45 PM
From: ajtj99	Read Replies (3) \| Respond to of 208178

Big difference between India and China. The Chinese broke down the class structures through Communism (although families with money still remained better educated), so there is greater number of enterprising people. The Caste structure in India is an impediment to India competing effectively. When people have no hope of advancement or improving their lives, it's a drag on the overall economy. There is a difference in viewing business also. The Chinese look at things in the context of a bigger picture, while most Indians I've dealt with are more about right now. Without a strong middle class, a country cannot become an economic power. India does not have this, but China is developing one in the coastal areas. I know Indian companies that are importing things from China and re-selling them as Indian made goods because they gave up competing against China. That's the kind of defeatist attitude that gets you left behind. India has some great enterprising class people and a very productive upper class. They also have a great engineering and computer minds. However, China's got that too, and it's growing those minds at a faster rate.