Saturday, March 19, 2005

India's Achilles Heel: Lack of a China Policy

Instead of trying to take a tip or two from China's management of its economy, India has a tendency to either envy China or try to dismiss its economic growth as a facade. As far as India is concerned, its political establishment still is not sure whether it should base its economic policies on sound economic principles or listen to a lunatic fringe that has no idea as to what economics is all about. The fact of the matter is so long as India does not place its own economic house in order, it will remain a second-rate power even in Asia............More