China vs India
By Nish on Oct 18, 2006 in General, Travel
I found a nice article, comparing China and India with the title China vs. India: A battle of ideas by Anand Giridharadas of International Herald Tribune. Let me share some excerpts from itShanghai was a bit like Mumbai until the Chinese government did what the Indian government cannot do: in the 1990s its planners, brushing aside any pre-existing claims, cleared the way for developers to construct in barely 10 years the gleaming, futurist metropolis of Pudong, across the river from the Bund
Meghnad Desai, an economist of Indian origin who is a member of Britain’s House of Lords, wrote in a recent academic paper: “China will again become a viable Great Power, India may remain just a Great Democracy.”
The article is worth reading, the link for it is on IHT
Greetings from America,
I would like to point out that 90% of everything is demographics. So the future of China does not look good. China will not be a great power because of demographics and widespread corruption.
Apparently, it wasn’t enough for the Chinese communists to screw-up the culture, they had to screw-up the demographics too. The one-child policy is a demograhic nightmare without even talking about the boys-to-girls ratio.
The outlook for China reminds me of the outlook for Japan in the 80s. Everything was great for Japan until one day it wasn’t, and they couldn’t fix the problem.
The same will hold true for China. The end for China has started, but most of the world hasn’t noticed. Foreign investment is now starting to slow. This slowing will continue, and things will get worse for China. And it won’t wait for the 2008 Olympics.
China is in much financial trouble. They waited too long to fix the problem. Now it’s too late. There will be a crisis ahead.
Matt | Oct 27, 2006 | Reply
hmmm interesting, appreciate if you can give us some reference link..Yes, i agree to you somewhat about the long term impact of the policy, however article was in regard to India, in terms of infrastructure they can learn a lot, India is up high in terms of corruption. we cant say that you cant learn from other’s mistake
.as we dont have that much time to make all the mistake ourselves…so what you say can also be taken as learning…..
Nimbupani | Oct 29, 2006 | Reply