Re: High tech is skin-deep in India

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Sometime ago, I believe on pen-l, I questioned Brad DeLong's insistence that
increasing aggregate income meant that "the people" were doing better, whether in
India or China.  I had not seen an indication that the BJP was in trouble before the
election.  India was, by all media accounts, an economic miracle -- even more so than
China, but then the United States has always presented India as the anti-China.

Trickle-down may work.  The Industrial Revolution eventually, with the aid of massive
Imperial victories, led to a rising standard of living for British workers, but as of
many, many decades to happen.  For perhaps a half-century, living standards may have
decreased.



--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu