Re: India: A Failed State?
The best way of knowing where the country stands in terms of failure or success is to aska simple question to the middle class.
“are you better off now than you were last year?” and “does the future look brighter or bleeker?” I think we know what the answers are, as we look at the India. a country where more people are being added to the middle class year over year, where per capita incomes are rising y/y…where all HDI are more and more positive y/y. This is the struggle with large countries that develop rapidly over a sustained period of time. Uneven distribution of wealth, uneven distribution of service and infra. I welcome you kids to take a walk into Ningbao provice in China. And then compare it to Shanghai. All within one country.
To give you kids some perspective. A country in the middle east with the highest amount of oil reserves, with the greatest infrastructure in place, has seen the percapita income drop from the high of $24K/y in 1982 to $7000 in 2004. You tell me which is a failure.
If you don;t know…you betta aks somebody!!
Yeah when Bhindia’s per capita gets to $700 in the year 2050…only then would its bidders would be in any position to contemplate those whose numbers are still exponentially higher…