India and the New Economy
There is a fairly good library here at the Technology Park where we have our office in Kuala Lumpur. I get to read many books that I might never have read otherwise, because it has a large number of books on business, the East Asian cultures and Islamic history which had never really attracted my attention in the past. One book that I recently read was The Miracle. Written by financial journalist Michael Schuman it describes how Asia has become the success story of the past 50 years since the Second World War and more particularly since the sixties, when first Japan, then Korea, Singapore and now several other countries have broken free from poverty and reached first world status. And now the story is of China and India which are finally also breaking free from poverty levels that had remained unchanged for hundreds of years while we were under European domination. India and China were the world’s dominant economic powers until 1600 when India and China together accounted for 52% of ...