Wednesday, April 27, 2005

Lee Kuan Yew: "India will shake the world"

When it comes to crafting national economic policy, few political leaders in the world have had the perspicacity of Lee Kuan Yew.

Not only did he steer Singapore from the Third World to the First in three decades, he has written and commented on the economic problems of different nations with remarkable prescience.

... earlier this month on the occasion of the founding of the Lee Kuan Yew School of Public Policy in Singapore, he predicted that India would be propelled into the "front ranks".

In this amazing speech, crammed with information and analysis, he argued that, over the next decades, "China and India will shake the world... In some industries, [these countries] have already leapfrogged the rest of Asia."

The question I want to investigate here is whether this optimism, which seems to be widely shared - from Martin Wolf in the Financial Times to Roger Cohen in the International Herald Tribune - is founded in facts.
Read more here.

[Source: Kaushik Basu, BBC News, 26/04/2005]