How?By us sending them more handouts?Or by our companies
leaving to take advantage of India's unregulated economy?When
can we focus on lifting our own country out of poverty? Last I checked, our
nation needs some rebuilding. We can't keep nation building the Middle East
and now India while neglecting our own
Seriously, I think India will lift millions from poverty. And a great thing it
is. We've got to look at whether a friendly US can staunch the slide of
americans into poverty. That is our challenge.
India has an unregulated economy? The Heritage Foundation's Index of
Economic Freedom ranks India at #120 compared to the US at #12. The author
references the difficulty natives encounter when starting a business. As a
general rule, heavy regulation and prosperity have an inverse relationship.
@ SEY/SvenYou lost all credibility at Heritage.Also,
google India. Then come tell me how regulated their economy is.There
seems to be a strong relationship between conservatives telling us the evils of
regulation while the fruits of deregulation are becoming ever more abundant. All
well, I would want to forget about 2008 too if I were a repub.
The US State Department says this about India's business climate:"However, India underperforms its vast potential. Major areas of concern
include rampant corruption, complex and lengthy investment and business approval
processes, antiquated land acquisition and labor laws, and poor contract
enforcement...In 2012, the World Bank’s International Finance Corporation
ranks India 132 among 183 world economies in its ease of doing business survey
and the Organization for Economic Co-operation and Development ranks India high
as a closed economy in its Foreign Direct Investment Restrictiveness Index."