Website review: India projected to pass U.S. as No....
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•iht.com/articles/2007/01/24/business/rupee.ph...
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laodan discovered 16 months ago- India projected to pass U.S. as No. 2 economy by 2050 in the IHT, by Anand Giridharadas
India will unseat the United States by 2050 as the planet's second-largest economy, after China, and become a motor of global growth, according to a new forecast by Goldman Sachs, the investment bank. ... Geopolitical strategists have warned that the race for energy will spur a kind of diplomatic race to the bottom, in which India and China woo diplomatically isolated, energy-rich nations like Iran and Sudan. That, in turn, will make those supplier nations less vulnerable to international pressure on issues like nuclear proliferation or ethnic conflict. ... Much still could disrupt Goldman's growth forecasts. The report said that persistent inequality in the face of rising aspirations could foment "social tensions, political pressure to slow down the reform process and increasing protectionism." "If managed badly," the report said, "this has the potential to kill the growth goose." India projected to pass U.S. as No. 2 economy by 2050 America no longer owns globalization
The potential for economic growth is there to be exercised by any country that is still not industrialized. - The first question is "how is the mechanism being initiated?". China, India, Brazil and a few others did it but each of these countries followed its own and particular path. - The second question is "how can this mechanism be sustained successfully over a few generations in order for the country to reach a point of no return into modernity?". Again there is no general model that that could be copied. Each country has to find its own way adapted to its own historical, cultural and social conditions. - One thing is for sure, as the article's conclusion mentions, ""If managed badly," the report said, "this has the potential to kill the growth goose."" China here has a distinguished advantage, I mean, its thousands of years of practice and theory in the management of a huge state institution.
- India projected to pass U.S. as No. 2 economy by 2050 in the IHT, by Anand Giridharadas
