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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (47914)	4/4/2004 1:42:46 AM
From: Cogito Ergo Sum	Respond to of 74559

Message 19981473 What impressed me the most about India is a new sense of focus and determination. Plagued by decades of false starts and government missteps, this Asian giant has now, in the words of one of India’s leading corporate executives, finally absorbed the “fixed costs of democracy.” Reforms began in earnest in the early 1990s and momentum has built steadily in the years since. India still suffers by comparison with China. But unlike China, India has a well developed banking system, vibrant capital markets, and a new generation of indigenous world-class companies. China has an outward-looking development model with the hope that the benefits will spread inward into home markets. India has much more of a home-grown development model that is now gaining global reach. Both approaches have their virtues and shortcomings. And yet the most fascinating thing is that they both may work. I have long been a big fan of China’s remarkable accomplishments. India’s awakening is equally impressive.