Promise of Reason

India is growing like a big balloon economically. Some fears that this balloon might explode like south-east Asian countries and we should not indulge in western concept of market. But they forget that same countries (Malaysia, Thailand, Taiwan, South Korea, and Singapore) were able to raise the life style of their citizen by a considerable amount when India was tottering in 70s and 80s. Even China started to rise after opening its economy in 80s. Export based opening of any economy always results in betterment of country, history shows this and so does economy. So here are some reasons why India and other developing countries should open their economy completely. Read the rest of this entry »