House of Paine

typical hindu han envy

below please find

what ethnic rivalry can lead to....


the guy has a job
at uc berk 

teaching development even 



=====================================


Pranab Bardhan: BERKELEY: 


"The media, particularly the financial press,
 are all agog over the rise of China and India
 in the international economy "


--------- agog over india ???? -----------

" After a long period of relative stagnation
 these two countries
 nearly two-fifths of the world population
 have seen their incomes grow
 at remarkably high rates
 over the last two decades"

--------- yoke these two
                    as  growth twins ...

lovely 

india has a way to go yet pal 
               to be in china's league -----------

          


"there is no doubt about 
the great potential
 of these two economies "


------------- what a blow hard ---------------

buuuuuuuuuuut

" severe structural and institutional problems 
will hobble them for years to come"

------------ china's hobbled ???------------

 "At this point
 the hype about the Indian economy 
seems patently premature"

----------- right so unyoke em 
from china you tool -------------------------------- 

"the risks on the horizon
 for the Chinese polity 
– and hence for economic stability –
are  highly underestimated"

------------- by who ???

are u saying the system 
                     will  crumble ??? -------

"Both China and India
 are still desperately poor countries"


-------------- 
  in part  in large part in fact
          of course that's true ....
but shit 
by that token
whats to say
we  
lump the whole globe together
and show how 
it seriously diminishes 
the signifigance
of the advanced countries'
                achievements  --------


" Of the total of 2.3 billion people 
in these two countries,
 nearly 1.5 billion earn less 
            than US$2 a day...."

----------

first off 
          ever heard of ppp dope

but anyway

      that leaves  roughly 
        800 million others
                       above the 2 dollar toilers

many of whom
are  already 
part of a take off economy
 ie  
more  folksare advancing in china and india 
  then in all of latin america 
and sub suharan africa combined 

and in his pole cat way

he gestures towards this ....-----------------

"of course, the lifting 
of hundreds of millions
 of people above poverty 
in China 
          has been historic  "

-----------  "historic"

full stop 

no more blither

why so tepid ??? 
 
alas 
acoording to this boob
that's
 not something to get agog about ---------------


" India is as yet a minor player
 in world trade
 contributing less than one percent
 of world exports"


----- again the yolk ----------------------


 "China's share is about 6 percent."

-------------  numb nutz 
        what was it a bare ten years ago ----------

------------------------------------------------------------


----------- now he turns on his home land ---------------

"What about the hordes 
     of Indian software engineers,
 call-center operators, and back-room programmers
 supposedly hollowing out white-collar jobs 
in rich countries? 

The total number of workers 
in all possible forms of IT-related jobs 
in India comes to less than a million workers
 – one-quarter of one percent 
of the Indian labor force  "

---------- the relevent ratio  
is not IT  to total indian labor force
but indian  IT 
   to 
  all potentially  outsourcible
IT   jobs  WORLD WIDE

 and again as we used to say

whats the delta here

the rate of growth in  india's IT share  ----------------
 ------------ 




" For all its Nobel Prizes
 and brilliant scholars and professionals
 India is the largest single-country contributor 
to the pool of illiterate people in the world"

--------- yaaaa -----------------


" Lifting them out of poverty 
and dead-end menial jobs 
will remain a Herculean task
 for decades to come "

------------------ yaaaaaaaaaaaaa -------------------

"Even in China
 now considered the manufacturing workshop
 of the world (though China's share
 in the worldwide manufacturing 
value-added is below 9 percent
 less than half that of Japan 
or the United States)"


-------- 
only 9 %
what wa it 15years ago ???

wanna place  any bets on her share say 
                                   in ten years ??? -----------



" less than one-fifth of its labor force
 is employed in manufacturing, mining, and construction combined"


-------- that's going up
and already exceeds ours as it goes down ------------.


"... Nearly half of the country's labor force
 remains in agriculture "


.----- yes the traditional sector remains huge
 under employed etc etc etc 
but that  near bottomless pool
         in both  nations 
far from a drag
            is their main 
                 source of opportunity 

wave after wave of urban migration
will curb wage rates  for several decades at least---------


"As per acre productivity growth has stagnated.."

------ not really pal
  and that's a social policy anyway ----------

" reabsorbing the hundreds of millions of peasants 
will remain a challenge 
in the foreseeable future for both countries"

-------------  "reabsorbing "
    what in hell 
is he trying to conflate here ???
my gues something along these lines

as the acre to labor hours ratio improves
this will  free  up  millions of hands
 for other tasks ???

mission get em jobbed 
as they are spun off the land
a hard  risky social task 
 but not reason  enough
 to assume  protracted
 economic retardation 
 let alone  long term  chaos in fact

as wages begin to rise the ned for acre yields to rise will collide with the need to increase value added and reduce wage growth

the result will be
a brake away from food security
and large scale importation
of grain a move pioneeered
 on by industrializing  england
 in the middle third of the 19th century ----------



" Domestic private enterprise in China... is relatively weak... "

----------- what ????? this deserves 
                  a silent passage by ----------------

"Chinese banks are burdened with "bad" loans..."

------------old news sucker read the paper more often ...--------- 


"capital is used much less efficiently
 in China than in India.... "

----------okay see the guys dick here ???

  they're growing at 10% bub 

and financial controls are improving
          not degrading 

so what can one make out of that????

improving controls will lead to
 lower growth or even...a  systemic brake down ????

don't u wish shorty pants -------------


---------------final shot
from this  unofficial nuncio
from 
      world's largest democracy ------------------ 

"China's authoritarian system of government 
will likely be a major economic liability.... "

------------ like 
south korea's and taiwan's
  and 
singapore's 
at similar stages eh ???-------------


"China is far behind India
 in the ability to politically manage conflicts..."

------------ really ????

shall we count the exceptions 

the punjab 
kashmir 
the north east territories 

not to mention
the inter communal violence 
inside the hindi belt itself
directed against 
the world's largset muslim population -----------

--------------------------------------------

no i shan't go on

 go to your wallow

you chauvinest  warthog klown

oh
per chance 

are u pro zionist  mem-slob  ?????