Comments on: China + India > United States? http://www.canadiancapitalist.com/china-india-united-states/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Phil S http://www.canadiancapitalist.com/china-india-united-states/#comment-5443 Phil S Sat, 22 Jul 2006 00:03:17 +0000 http://www.canadiancapitalist.com/2006/07/19/china-india-united-states#comment-5443 This drives me crazy! People are ignoring the numbers! Anybody who has access to a copy of The Economist magazine can see the trade statistics in the back pages of the magazine. Countries like China and India, including Canada, all have massive trade surpluses fuelling their economies. Most countries around the world have trade surpluses. The USA and the UK (mainly the USA) have massive trade deficits - big enough to soak up the entire world's exports. And that is why when America's economy sneezes, everybody else catches a cold. It's like going to a farmer's market where everybody is selling and you only have one or two buyers that are buying up everything. What happens on the days that those two buyers fail to show up? This drives me crazy! People are ignoring the numbers! Anybody who has access to a copy of The Economist magazine can see the trade statistics in the back pages of the magazine. Countries like China and India, including Canada, all have massive trade surpluses fuelling their economies. Most countries around the world have trade surpluses. The USA and the UK (mainly the USA) have massive trade deficits – big enough to soak up the entire world’s exports. And that is why when America’s economy sneezes, everybody else catches a cold. It’s like going to a farmer’s market where everybody is selling and you only have one or two buyers that are buying up everything. What happens on the days that those two buyers fail to show up?

]]> By: A http://www.canadiancapitalist.com/china-india-united-states/#comment-5376 A Wed, 19 Jul 2006 13:35:36 +0000 http://www.canadiancapitalist.com/2006/07/19/china-india-united-states#comment-5376 To add to that, I do not know about China but the quality of life in India needs to improve thousands of times to even to compare with US. (Not that US has ideal quality of life). Few examples: 1) Indian train system (for that matter 90% of infrastructure) needs to be fixed to sustain growth. As you may have seen on TV reports about Mumbai bomb blasts, people are hanging around train cars, between the train cars to get to work. It’s so dangerous!!! 2) Corruption became way of life. Even though there are few improvements it is till corrupt. Example: You need to pay under-the-table to get starting from birth certificate, driving license and passport police report. In US it is very simple to get these things. You apply with small fee and they provide you the document. You do not need to go around begging for those things in US wasting your productive days. Why should someone pay Rs 500/- to get birth certificate. 3) Growth in India is not organic. Most of the big cities are getting very crowded making real-estate sky rocketing, inflation is very high and traffic is getting worse. Having said that, life in India is getting better. Most people who are willing to work hard are finding jobs. There is lot of hope. People are very loving and welcoming and mostly peace loving. It is amazing a country with so many languages, colors, cultures and religions sticks together and hoping to become a player in bigger world. To add to that, I do not know about China but the quality of life in India needs to improve thousands of times to even to compare with US. (Not that US has ideal quality of life).

Few examples:
1) Indian train system (for that matter 90% of infrastructure) needs to be fixed to sustain growth. As you may have seen on TV reports about Mumbai bomb blasts, people are hanging around train cars, between the train cars to get to work. It’s so dangerous!!!

2) Corruption became way of life. Even though there are few improvements it is till corrupt.
Example: You need to pay under-the-table to get starting from birth certificate, driving license and passport police report. In US it is very simple to get these things. You apply with small fee and they provide you the document. You do not need to go around begging for those things in US wasting your productive days. Why should someone pay Rs 500/- to get birth certificate.

3) Growth in India is not organic. Most of the big cities are getting very crowded making real-estate sky rocketing, inflation is very high and traffic is getting worse.

Having said that, life in India is getting better. Most people who are willing to work hard are finding jobs. There is lot of hope. People are very loving and welcoming and mostly peace loving. It is amazing a country with so many languages, colors, cultures and religions sticks together and hoping to become a player in bigger world.

]]>