Saturday, May 26, 2007

#84: people power

The French TGV can chase records for the fastest train. We Indians will chart our own opposite course – literally moving iron-chariots with "people power". Not surprising though, it follows Ricardian trade theory – each country specialising and milking their comparative advantage, and using the relatively abundant resource to do so. And the notion of abundance takes a whole new perspective when describing India's teeming billions!

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