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Strategies & Market Trends : India Stocks -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (343)	2/26/2004 6:03:07 PM
From: Sam Citron	Respond to of 2517

Given Friedman's recent beat covering the MidEast with all its internecine violence, envy, hatred and fear, India must be quite a refreshing change of venue for him. The food is certainly much tastier. India is the world's largest and most diverse democracy, with an amazingly rich culture that tries to blend the best of tradition and modernity. Friedman's entire career has been focused on globalization and the controversy surrounding it. It would be simplistic to call it an unfettered success or a dismal failure. But if there is any developing country where it seems to be working it is India, and there is no better paradigm of it than the call center where "the computers are from Compaq; The basic software is from Microsoft; The phones are from Lucent; The air-conditioning is by Carrier, the bottled water is by Coke"; and the shares are 90% owned by Sequoia Venture Partners of Menlo Park. <g> I remember when I first arrived in India 35 years ago after a one year road trip through the near East. I found it to be an oasis. If Friedman can only learn to kick his nasty habit of staying only in homogeneous 5 star hotels and confining his encounter with natives to the taxi driver that shuttles him to and from the airport, I think he will learn quite a bit in India.