Thursday, July 1, 2010

Powerful economy vs. Powerful country

Disclaimer: I am not a graduate in Economics.

India is witnessing something that was never seen before. Markets are full of products. People are spending. We have learnt to get bored and so we spend even more. We change mobiles, cars, TV, furniture etc, whenever we get bored.

India is buying. Sellers are happ The world is happy. They say "India is powerful economy". We feel "lifted".

Suddenly of articles start appearing predicting "India will become super power by the year XXXX". They give statistics of how many Indians are young, opportunities of new jobs, how much Indians spend, how much money goes into economy, etc etc. They also don't forget to praise our values and culture, family system, etc etc.

Now lets do an exercise. Define "super power". People say (I don't) USA is superpower, right?
  • They have more land and less population.
  • To feed hungry citizen, they produce a lot of food in large farms.
  • To keep memories alive and learn from history, have a lot of museums and memorials.
  • Their universities are less of teaching centers and more of research centers.
  • Best technology used everywhere.
  • Allowances for the unemployed.
  • (I have never been to the US, but), people say, a US common man is hardworking and honest.
  • For re-creation and entertainment, they have amusement parks.
  • For the sick they have big hospitals. (I am talking of basic healthcare).
  • One number for all sorts of emergency. Citizen feels secure.
  • They make their own war-tools. They don't depend on any country for rifle or a submarine or an aircraft career.

List can go very long.

The country in which money flow is maintained, it is "powerful economy." But superpower is something totally different.

Wish you a great "thinking" week-end!!

No comments:

Post a Comment