Indian companies have also been able to tap the global capital and talent markets

Transnational giants also find it tough to operate in an economy with a poor physical infrastructure and to cope with the Indian regulatory apparatus. India’s software companies recognized the possibility of providing services to overseas customers at least a decade before Western companies acknowledged the feasibility of hiring Indian soft ware professionals. Consequently, the Indian firms gained experience early, which has kept them ahead of their foreign rivals. Recently, some Indian companies have also been able to tap the global capital and talent markets, nullifying more of their overseas rivals’ inherent advantages.

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Source:- IIPM Editorial

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Latin America is surely but steadily reasserting its independence

The concepts of democracy and development are closely related in many respects. One is that they have a common enemy: Loss of sovereignty. In a world of nation-states, it is true by definition that decline of sovereignty entails decline of democracy and therefore a decline in the ability to conduct social and economic policy. That in turn, harms development – a conclusion tried, tested and confirmed by centuries of economic history.

The same historical record reveals that loss of sovereignty consistently leads to imposed liberalization, of course in the interests of those with the power to impose this social and economic regime. In recent years, the imposed regime is commonly known by a not-so-very favourable term called “neoliberalism.”

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Source:- IIPM Editorial

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