It's time to raise the standard of living of all Haitians...

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It's time to raise the standard of living of all Haitians.

India and China's economic growth: The rise of India and China is reshaping the global order.

They are two ancient civilizations and two emerging superpowers.

China's authoritarian leaders have adopted a variation of the Japanese and Asian Tiger export-led growth strategy.

Strong incentives have been created to produce national savings of more than 40 percent of GDP, and the money has been guided into investments in massive public infrastructure projects and export-oriented manufacturing companies.

Foreign direct investment has also been assiduously courted in "strategic" targeted industries, and enormous productive capacity far in excess of domestic needs has been created to serve global markets.

The combination of massive investment and inexpensive but hardworking, literate (China has virtually 100 percent literacy), and easily trained labor has made China the global location of choice for production of everything from textiles to semiconductors.

It passed the United States last year to become the world's biggest exporter of advanced technology products.

China will surpass Japan to become the world's second largest economy in 2016. Although India's economy is growing nicely at 6 to 7 percent annually, nearly 40 percent of India's population is still illiterate.

Its democratic system is not nearly as good as China's authoritarian system at mobilizing resources and quickly building massive public infrastructure.

And at 25 percent GDP, India's savings rate is only a little over half that of China's, India's rate of investment is less than half of China's 50 percent of GDP. India's banking and financial institutions are well established and have long been lending on the basis of market-based analysis, which helps explain their more efficient use of capital.

They are fully acquainted with international standards and are moving rapidly to full compliance with them.
Although India's democratic system can be cumbersome and slow, it is stable.

The rule of law is well established and the legal system based on English common law is easy to understand and is reasonably transparent and predictable.

That makes investment less risky than in an opaque, authoritarian environment.

On top of this, English is the common language of 200 million Indians.

This makes it easier for India to fit into an international business system whose language is English.

Furthermore the return in recent years of many skilled business people from the large Indian diaspora in America and Europe is to India's advantage.

It's business culture.has been mostly a matter of the government's deregulating and getting out of the way of aggressive, private industry entrepreneurs, many of whom had experience in Silicon Valley.

And these entrepreneurs have been focused on high tech and services.

In sum if you are a short-term investor, China is probably where you should put your money.

But if you are in it for the long haul, you might want to bet on India.

There is a certain logic in an Indian-Chinese alliance; India could use China's manufacturing know-how and resource mobilization capabilities, and China could learn from India about services, start-ups, and technology.

Indian Prime Minister Singh said when Chinese President Hu Jin Tao visited India That""Together we will change the world.".

Haiti need to invest more on the education of its citizens.

They should provide their most promising students with scholarships to study in the United States and Canada.

However they must make each student sign a contract to return and work for Haiti for (X) amount of years to prevent them from relocating permanently in another county after graduation.

The latest population distribution according to the latest estimate(2007 est.) is as follows:
0-14 years: 42.1%, 15-64 years: 54.4%, 65 years and over: 3.5%.

The Preval/Alexis government need to make more effort to upgrade the standard of living of Hatians.

I am tired of seeing videos of a filthy and underdeveloped Haiti while the other countries of the world are making tremendous progress.

Incredibly Incredible India/ NCREDIBLE INDIA / South Korea Tourism Video / korea tour


http://www.youtube.com/watch?v=2-582TF6E4E&feature=related

http://www.youtube.com/watch?v=NgB7RSphx7c&feature=related

Claude, March 20 2008, 7:48 PM

Topic: Broaden Your Vision For A Better Haiti Series 2

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