Small is Big in India
Published: April 28th, 2010
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More by Cammy Corrigan
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But doesn't that very same inscrutable bureaucracy in a democratic environment offer the pretence of a more transparent stability than perhaps, the whims of an all-powerful communist party. I know the issues are not black and white, but in the worst case scenario, western companies might think it easier to rescue capital from India than to try and salvage something out of China if you unwittingly upset some officials. Maybe we could ask the opinion those Rio Tinto execs who are now rotting in jail because China decided they weren't getting the kind of iron prices they really wanted? Sure they were using corrupt practices, but they had believed that they were the acknowledged rules of the game (in the Daimler style!). Then someone switched the rules. I'd suspect there are more counterbalances to the excesses of power in India and we can at least thank the British colonial past for the legacy of a very strong and independant judiciary there (even if they did screw up pretty much everything else!).
Like an elephant, India is slow but steady. China is like a tiger - fast but a bit unpredictable.
Forget about those two!! The future lays down south!! (Tongue in cheek)
And probably the best beast to describe Brazil is the sloth. Slow dim wiited but somehow manages to survive and even prosper. Humm sorry countryman but somehow it seems a fitting analogy