t allocate \'key decision making positions\' to people who lack
t allocate "key decision making positions", to people who lack competence, skills, expertise and experience to "recognise and manage talent" and practice authentic leadership.
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Sharing as a bookmark to watch again. In 1987, the GDPs of China and India were almost the same and then something happened.
This is one of those stories worth taking your time to watch. We've heard a lot about how China is slowing, while investors are pivoting to India. But what do you think about this decades long journey these two emerging superpowers have taken?
Hats of to Anton Golub who inspired this story.
Music: Cool Wet Sand - Oman, Epidemic Sounds
hashtagChinaEconomy hashtagIndia hashtagMacroeconomics
Hats of to Anton Golub who inspired this story.
Music: Cool Wet Sand - Oman, Epidemic Sounds
hashtagChinaEconomy hashtagIndia hashtagMacroeconomics
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Ones a democracy, the others a communist dictatorship that uses slave labour to keep costs down so that western countries can sell their iphones and Nikes manufactured in labour camps at cheaper rates. China's progress and growth is an economy built on top of slave labour.
3 Replies on Rohan C.’s comment
(edited)
Rohan C. There are also other explanations to that discrepancy: for example the cast system in India and the discrimination of minorities. India can do much better by improving its record on true democracy and social justice..
(edited)
Uyghurs are a small minority in China (11M) this meant that this selective discrimination although abhorrent did not affect economics significantly. That is not equivalent with the cast system and the Moslem minority in India both are significant fractions of the society that are marginalised and robbed of opportunities. I hope you can see that fact objectively if not than it explains the persistent situation..
I am not taking any sides here but as someone who spent 18 months in quarantines last 3 years traveling frequently to China, I did not see any slave labor. But I saw a huge number of locally-made robots. All these Nikes and iPhones are made by the robots now. And no corruption as everything is digital. There is virtually no cash.
But my point was that India has huge potential. Just needs to get competitive and get its act together.
But my point was that India has huge potential. Just needs to get competitive and get its act together.
China liberalised in 1978 whereas India did so in 1991 (at the precipitation of an IMF crisis). But differences do exist between corrupt democracies and controlling autocracies. China transformation is a marvel to be studied (& best practices adopted as well). Now, India is poised to have a spurt in constant growth projected over the next decade & further. Getting our act together, with a strong base for long term rapid GDP growth, with the right vision & reduced corruption we will also get into the 20-30 Trillions GDP in next 20-30 years.
Fascinating, thank you.
Until the 90's, the rise corresponded to the rise in population. Since then, it has corresponded to the liberalization of the market - only free people can do business. It will go down in any country when they start limiting free trade.
Fascinating. Thank you for sharing, Alex.
A similar event is taking place as we speak but this time the hockey stick is in India’s chart.
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