Tuesday, October 20, 2015

China to 'Make in India'

Chinese firms know where to go to reduce their labour costs:

http://www.bbc.com/news/business-34580581

Hopefully, competition between India's various states will create a virtuous cycle of competition, cutting red tape, and bringing in more business to put more Indians to work. The more Indians are working, the fewer will be begging alms from politician-hucksters. That's an even more virtuous cycle.

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