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Originally Posted by Twilight1978
India has its positives and negatives. On the plus side, it is a reasonably open parliamentary democracy, with less overt corruption and stronger rule of law ( than China ), and an extensive English-speaking educated class - all beneficial factors in attracting stable foreign investment.
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You hit on it nicely in the latter part of your post. Their parliamentary demoracy is actually a weakness for them, since they are highly fragmented and cannot agree on making tough reforms. Also, the Indian government is extremely corrupt, more corrupt than even China!!!!
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Originally Posted by Twilight1978
On the flipside, it has a long, long way to go in matching China's infrastructure development, it has serious social, ethnic, and religious divisions, and being a democracy India cannot organize and advance its modernization programs as ruthlessly ( and with as little regard for the economic losers amidst the citizenry ) as China is able to.
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Bingo. However, I would disagree with you malcharactacterization of China's reforms as it is basically contradicting itself. How can China's reforms be simultaneously effective at increasing employment, and prospertiy and have little regard for the economic losers? If this were true, there would be no state owned enterprises left, but there still are.