Clean drinking tap water for every home - the stark contrast between China and India

04/05/2023

What this tells one is that GDP requires a new indicator which is Quality GDP which will mean that if you pollute rivers and air then real GDP as an economic concept is totally inadequate even useless, unless one subtracts from that economic GDP number the amount of investment it would take to clean up the rivers or the air. If regulatory agencies cannot control industries from polluting rivers, the case in China, then an additional number has to be subtracted from economic GDP called regulatory deficiency adjustment. The GDP numbers were gained through indiscriminately burning fossil fuels and this means climate change damage so that to be correctly stated China's GDP number would have to be offset by deducting the adjustment for trillions of dollars in climate change correction action. This would shrink the gap between India and China's GDP to where India may be in a position using advanced technology, renewable energy, regulation, and large foreign investment to close the gap with China in the next 10-15 years. China could also benefit because of the new approaches taken by India could be something to learn from as the two countries each have the population of the EU and the US+ Canada combined.

Linked Articles

In China, the water you drink is as dangerous as the air you breathe | Deng Tingting

The Guardian 06/02/2017

Hindustan Times 04/05/2023

Carlos Ghosn and Nissan discontent in Japan- the failing Renault-Nissan alliance

12/18/2018

Renault-Nissan's failure to invest in Japan and the lack of interest in Nissan under Ghosn added to worries in Japan about the compensation of Ghosn being larger than all nine top executives of Nissan combined. A deep sense of affront was felt in Japan as one executive put it -"where is the transparency and where is the frugality." This special report by WSJ shows how the ego based executive which is not typical of Japan failed Nissan. It also shows why this type of management is not healthy for companies or the employees and all stakeholders. Its hard driving nature with unhealthy lifestyles is also becoming unpopular today.

Linked Articles

The Fall of the House of Ghosn

WSJ 12/16/2018

Sean Mclain, Phred Dvorak, Sam Schechner, Patricia Kowsmann

WSJ 12/18/2018

William Boston

Looking back at Hong Kong and China today and yesterday- China in 1842 and in 1945, nationalism and commercial interests of foreign powers

01/09/2015

A wariness with foreign powers in China stems from the influences left behind from the British commercial interests and the Japanese invasion of China. Compared to that period, the period of collaboration on an equal footing and playing field is is a short and recent one that has taken place for just three decades 1985-2015. Fears that the accelerated development in China could slow down without a strong central government, combine with the awareness of the need for western technology and open communications in today's global economy to accelerate the development, create in the Chinese mind a problem that needs to be tackled carefully to continue progress. Awareness of the huge inequalities and corruption in the rush towards modernization, need to tackle extensive contamination of air and water, and need for social security and healthcare for an aging population create a new urgency for careful policy making to sustain progress.

Linked Articles

Gentlemen Drug Dealers

Wall Street Journal 01/12/2015

George Walden, George, Walden

New York Times 01/09/2015

Thomas J. Christensen, Thomas, J., Christensen

Policy contrast between socialist governments in Venezuela and Bolivia

04/12/2013

Bolivia's socialist government of Evo Morales has taken a different approach by reducing subsidies and increasing gasoline prices to about $2.00 a gallon in 2013. Salaries of governent workers was also increased by 20% in 2013, and additional 10% added to price of locally produced grain and corn, in policy actions. Morales cited as a reason the $150 million in smuggling to neighboring countries of the $660 million in gasoline imports, wasting a significant part of the $380 million annual state gasoline subsidy which could be used for infrastructure. In Venezuela both opposing candidates for president Maduro and Capriles supported the state subsidy for gasoline that is exceptional among developing countries, and at a time when Venezuela is short of foreign currency for other imports.

Linked Articles

Almost-Free Gas Comes at a High Cost

Wall Street Journal 04/12/2013

Ángel González, Ángel, González

New York Times 02/16/2014

William Neuman, William, Neuman

Slowing growth, high inflation and lack of foreign investment limit India's growth potential in 2012-2013

11/25/2011

A combination of higher inflation, muddled political leadership that is limiting foreign investment in retail and other sectors, and high energy costs is limiting economic growth in India to annual GDP growth of 7% in 2012-2013

Linked Articles

Stress on Economy Prompts India to Revive Controversial Plans

Wall Street Journal 12/01/2011

Alex Frangos, Alex, Frangos, Shefali Anand, Shefali, Anand

New York Times 11/25/2011

Vikas Bajaj, Vikas, Bajaj

Apple products at manufacturing plants in China and at retail stores in the U.S.- low worker pay and lack of future prospects

05/29/2010

The high margins for Apple achieved through a combination of keeping costs low- even at the risk of providing poor wage and working conditions for the majority of employees employed in the retail stores in the U.S. and in supplier Foxconn plants in China- and by a grasp for innovation and technology. The paradox of a well deserved image for pioneering in technological innovation and the indifference to working conditions and prospects for employees who add value in manufacturing and customer interface. This model of growth is a recent development, put in place after 1997. In 1995-1997 Apple was nearing collapse under Michael Spindler and Gil Amelio, as documented by WSJ technology reporter Jim Carlton in his book- "Apple- The Inside Story of Intrigue, Egomania, and Business Blunders." Steve Jobs returned as CEO in 1997 and set the future course and this model in place emphasizing design, his ability to grasp technologies that would appeal to customers, and hired Tim Cook to set up the manufacturing which had high rate of defects and higher costs. The model was as full of paradoxes, of genius combined with mediocre behavioursas the man Steve Jobs. Tim Cook has responded to criticism in 2012 by having the Fair Labor association audit Foxconn plants in China. Foxconn increased wages in 2012, shifted plants to the interior of China, and increased use of robotics.

Linked Articles

Hon Hai to Raise Workers' Pay

Wall Street Journal 05/29/2010

Ting I Tsai, Ting I, Tsai

New York Times 06/23/2012

David Segal, David, Segal

America's situation may be worse than Japan's because of the combination of household debt and toxic assets.

02/12/2009

Household debt at 96% of GDP is an additional problem that America faces in addition to toxic assets, that may make the American crisis worse than Japan's lost decade or two.

Linked Articles

Worse than Japan?

Economist 02/12/2009

Economist.Com

Wall Street Journal 04/06/2009

Kelly Evans, Kelly, Evans