US model of capitalism will take many countries like India nearer to China’s level of prosperity
Stock markets in China are dreadfully strange. In 2005, Shanghai Stock Market (SSM) reached nearly 2,200 points but suddenly and surprisingly, it crashed down in April, the same year, wiping out half the wealth from the stock market. On the contrary, though Indian stock market is volatile but its strong regulatory system and impressive corporate performance gives buoyancy to India from any severe disaster. And most importantly, China’s totalitarian government and self-interest of its leaders can emerge as the hardest obstacle on its long journey. The dragon has experienced economic liberalisation as of yet but not political revolution. History bears testimony to the fact that political revival will not be easy for China. Chinese leaders never hesitated to slaughter its people for self-interest and to block any further revivalism. In that regard, Taiwan & Korea witnessed peaceful transformation because of their liberal and soft-political mindset.
To put things in perspective, indicators might not reflect impressive outcomes of present policy initiations and implications for Indian economy but it has proved enough credentials for future prospects. And further, its move towards American way of economy will bestow countless blessings in long run, boosting entrepreneurial spirit, competition and corporate leadership.
Stock markets in China are dreadfully strange. In 2005, Shanghai Stock Market (SSM) reached nearly 2,200 points but suddenly and surprisingly, it crashed down in April, the same year, wiping out half the wealth from the stock market. On the contrary, though Indian stock market is volatile but its strong regulatory system and impressive corporate performance gives buoyancy to India from any severe disaster. And most importantly, China’s totalitarian government and self-interest of its leaders can emerge as the hardest obstacle on its long journey. The dragon has experienced economic liberalisation as of yet but not political revolution. History bears testimony to the fact that political revival will not be easy for China. Chinese leaders never hesitated to slaughter its people for self-interest and to block any further revivalism. In that regard, Taiwan & Korea witnessed peaceful transformation because of their liberal and soft-political mindset.
To put things in perspective, indicators might not reflect impressive outcomes of present policy initiations and implications for Indian economy but it has proved enough credentials for future prospects. And further, its move towards American way of economy will bestow countless blessings in long run, boosting entrepreneurial spirit, competition and corporate leadership.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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