Friday, November 29

Keith Bradsher blames India's relatively poor economic performance on poor infrastructure, government monopolies, and over-regulation. He also cites wait for it the desire for public service, in other words, Indians supposedly don't reinvest their money, but use it for charitable works.

I note the shoe manufacturer he describes doesn't like Chinese food; maybe that's the reason. My wife wonders if his dislike of the food is because he goes to Guangdong Province, and their food isn't as strongly flavored as one would expect a South Asian to prefer. Too bad the shoe factories aren't in Hunan or Sichuan.

I wonder if Bradsher read Jayanthi Iyengar, who also credits China's infrastructure, but is less bullish on China, noting that China suffers from a lack of transparency, aging population, and growing unemployment, all of which may lead to a crash.

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