“But as my own country turns its back on the same global markets that transformed a rocky patch of farmland into a metropolis of two million souls, I can only hope that Gurgaon has many years of hypergrowth yet to come.”
Sounds like the author is taking a shot a Trump.
He says India has 150 million fewer people in poverty thanks to globalization, but fails to mention that the US has millions more due mostly to the same globalization.
As Trump has said, trade has to be a two way street. It’s great that India is doing better, but it shouldn’t be at our expense. I’m sure something more equitable can be worked out.
Countries that adopt capitalism and the rule of law sooner or later will achieve similar standards of living. Look at Japan, Taiwan, S. Korea, now even China and India are coming along. But that leveling has to be done gradually. If done too quickly it will cause huge social dislocations and unrest both in the developing countries and the developed ones. So it’s not a question of ending globalization, but of moderating it to reduce the level of dislocation. And I think that’s the point that Trump is making.
LOL, just wait until those corporations start outsourcing the jobs in Gurgaon. We’ll see how big he is on globalization then.
Definitely a shot at we the non-globalists.