In the 50s, India was ahead of China. For the last 30 years, China is decades ahead of India and the next 30 years will not look good for India.
Most favorable articles on India are written by Indians with their dumb nationalism and few have been written by Chinese which likely like to compare itself with US. Tier I cities in India cannot compete with Tier III cities in China in subway, airport, train, high rises, electricity, corruption, intelligent property enforcement, protectionism, quality… The last four must be a surprise to the westerners, but they are true. The list is endless.
Indians are happier, and it could be due to less internal competition. From my contact in US, Indians here are as smart as the Chinese.
Most Indians want to stay in US without waiting for the improvement in their native country while Chinese have a lot of ‘sea turtles’ swimming back to the mother land. India is grossly mis governed.
Why there are so little FDI to India compared to China? You have to ask how long it takes to open a business in India and how many bribes you have to pay.
I do not see a lot of Chinese settling down in India, but Indians could be the second among all Asian countries settling down in Hong Kong after the housekeepers from Philippine.
Count how many high rises in Hong Kong and how many in the largest city in India. Count how many articles in WSJ on China and India. Count how many top 100 computers, literacy rate (compare apple to apple for 10 years of education)... The list again is endless.
From my contact, Indians and Chinese in US have the same intellectual level. Actually Indians are doing better here in US due to mastering English better and better educated (with H1 visas). The problem with India is mis governance, similar to Mao's reign in China.
India cannot catch up with China in the next 10 years. It is better for the world that India would catch up with the rest of the world and it is my hope and wish they do. However, the reality looks too bleak for India. You need to understand the problems of your country before you can fix it.
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Ted
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Today (Dec. 14, 11) I must have too much time in my hands. To prove my point that China is more influential in global business via a simple experiment, I count how many articles with headline on China and compare same on India. The result is: China 6, India 1.
ReplyDeleteChina has 5 favorable articles on China and India’s only article is unfavorable on India.