We had a small talk on the movement of global economy around China and it has taken a shift from the time when it was centered on Japan and US. One astonishing observation was the role China is playing in the development of East Asian countries and how it is benefitting from it. India it seems is being left out because of its foreign policy which is not focused on East Asia. For example, we are not utilizing our historical ties with Myanmar for increasing trade with mineral rich Myanmar while China is making significant inroads because of our lax policy.
|Should we invest here?|
I think Singapore has done a commendable job in coming this far. In the words of first PM of Singapore, Lee Kuan Yew, "there was no secret; we had no choice but to take a chance and sail into rough waters.” There are many lessons to be learnt from Singapore development by other countries like political stability, quality of governance, high salaries to ministers, openness, high cost of rebellion, single party system. We might not agree with all, but this model is effectively working for them.
|Lets find some rodents|
|To surrender or not?|