Yes, China and India too have ambitious people who dream of building their companies and are getting the chance
. But neither China nor India comes close to the US in terms of this “killer app,” and it will take years of venture capital flowing in before the Chinese finally let go off their rote approach to work and embrace innovation. China has other challenges as well. Aside from its risky social experiment, it has an economy in which less than a quarter of its people truly participate. Its one-child policy is exacerbating the problem of its rapidly aging population. India, meanwhile, will only continue to struggle with its vast number of have-nots and its corruption problems.
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. But neither China nor India comes close to the US in terms of this “killer app,” and it will take years of venture capital flowing in before the Chinese finally let go off their rote approach to work and embrace innovation. China has other challenges as well. Aside from its risky social experiment, it has an economy in which less than a quarter of its people truly participate. Its one-child policy is exacerbating the problem of its rapidly aging population. India, meanwhile, will only continue to struggle with its vast number of have-nots and its corruption problems.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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