http://desicritics.org/ Superior South Asian bloggers on Culture, Media, Politics, Sport, Business, and Technology. en Copyright 2006 by the authors Sun, 1 Apr 2007 06:13:50 EDT http://backend.userland.com/rss BC custom software http://desicritics.org/2007/04/01/001444.php#comment-152636 Ananya I wish we had gotten to see some names and a thorough analysis of one Indian company to show crony capitalism. While Korea and japan are well known,it is also true that these countries rode on the performanc e of many of these companies to become great economies that they are rgds 152636@desicritics.org Sun, 1 Apr 2007 06:13:50 EDT http://desicritics.org/2007/04/01/001444.php#comment-152561 Thanks Professor for this enlightening article. Much of it has been pleasant reading and learning; more so the examples of South Korea, Japan who have a much more harmonious society (Taiwan I didn't know and learned from this, well one could have guessed). And I never looked at from the angle of profit motive vis-a-vis productivity, revenue/capacity utilization (or market share). That's indeed interesting. However I am not certain what impact one may see from productivity alone - shouldn't productivity be more linked to profit in the contrary, at least in first thought. You stated following: <"In India, and in most parts of the world, the state simply supplied subsidized resources to its corporations and the corporations did what was in their interest: increase profits by whatever means possible, in most cases through practices such as cartels, creating barriers to new competition, and price manipulation.>". Now I believe when you say most parts of world, you exclude these exceptions like S. Korea, Japan, Taiwan (or even Scadivian nations). And moreover this reproduced statement may be better suited for emerging countries than developed ones. I am not sure, but does U.S. (or take Germany, Industrialized nations within EU or even Japan from other category) provide any subsidies to industries? Going by the example of auto-sector there lately, it doesn't look that way in-spite of their importance on U.S economy where the three giants are struggling under social security obligations to compete with Toyota and others (there are other business causes too, agreed). Thanks again. 152561@desicritics.org Sun, 1 Apr 2007 05:20:48 EDT