Protectionism

[rajraj]

Appadiyae Konjam boeing deal pathiyum solllunga sir .

And Yes IBM is increasing its work force in India laying off many here. But Regarding Boeing isn't that the case with most of the countries?. I mean you only have Boeing or Airbus. That's it right?. All the countries in the world go for one of these two right?./

A few months back an IBM executive said that the company would reduce the workforce in the US to 100K. People in the company were upset and there were a lot of questions. A Vice President had to come out and deny that. But, my supicion is that it will come true and, India and Brazil will get those jobs eliminated here.
Recently IBM asked Indians employed here to consider returning to India. They are also 'asking' people close to retirement to retire! In this country there is no retirement age!

As a business student you must have heard of the 20/80 rule. That is 20% of the workers in any organization create, innovate and push the state of the art. The remaining 80% implement what that 20% creates. India and Brazil ( and may be China) will get the jobs from that 80%. The US will not depend on other countries to innovate and will not ship those jobs overseas. This has to do with protecting intellectual property.

As for Boeing India has no claims to creating jobs in the US. It does not have the technology or expertise to build high capacity airplanes. I am not sure they even build four seater planes. As you said it is true of all countries. It is Boeing or Airbus. Concord is gone.

It will help if people like Sharma took a look at business dailies and weeklies published in the US and Europe !

[rajraj]

Friedman on China's Moon shots:

http://www.nytimes.com/2010/09/26/op...6friedman.html

China is asking one of their oil companies to fund battery development for electric vehicles. The idea is to reduce dependence on oil and also reduce pollution. What does India do? Tata announced Nano. Could the government have asked them to develop and manufacture electric vehicles? Nano is for short haul, within a metropolitan area and not for long distance driving. An electric vehicle would do. China has vision. What do we have?
Read the article and learn about their research in DNA.

Who will be the next super power?

[ajithfederer]

En pangukku idhu from the same ny times.

http://www.nytimes.com/2010/09/27/bu...l?ref=business

Unnala mattum than panna mudiyuma naanga enna summava ?

[rajraj]

Unnala mattum than panna mudiyuma naanga enna summava ?

af: You have the answer to my last question!

[ajithfederer]

WTO says US ban on Chinese poultry is illegal

China, in turn, has sharply criticized what it deems an upswing in protectionism in the United States and other rich countries since financial markets collapsed in 2008. It has since become more assertive in challenging the U.S. and other countries to respective Chinese trade rights.

"While urging its trading partners to further open markets, the U.S. has adopted more restrictive and protectionist practices in its domestic market," Chinese Ambassador Sun Zhenyu noted at a WTO meeting Wednesday.

Sun said American industrial subsidies, stimulus plans, bailouts, national security exemptions and "Buy American" or "Hire American" provisions "go against the commitment to opposing trade protectionism made by the U.S. at various multilateral forums, contradict its own preaching of free-trade spirit and have negatively affected international trade."

Woo hoo


http://news.yahoo.com/s/ap/20100929/...hinese_poultry

[rajraj]

af: First China has to practice "Buy Chinese". The cheap Chinese products are meant for export and not for the domestic market !

Read this:

http://online.wsj.com/article/SB1000...869853586.html

There is something interesting about technology development in China. Their strategy is to get existing technologies from the US and other developed countries and at the same time start developing technologies that the developed countries have started developing! (Too much development! ). This is known as 'leap frogging'. That is, you don't retrace the path taken by others. But jump over them like a frog. That must be the strategy for India also. But, that does not seem to be the case.
Recently, Anna University announced that they had developed and manufactured LEDs and were looking for partners. This at a time when China is dumping, into the US, four dollar LED Flash(torch) lights. That implies China is far ahead in LEDs.

So much about vision and foresight in India!

[rajraj]

Dinamani editorial on drug testing in India:

vibareetham arangerugiradhu?

http://www.dinamani.com/edition/Stor...l&artid=311803

Hindu news item:

US apologizes.............

http://www.hindu.com/2010/10/03/stor...0354070900.htm

See whether you can connect these two and the global economy?

[ajithfederer]

http://online.wsj.com/article/SB1000...672430182.html

US Bank bailout ends today. Still some banks owe 66 bil$ to the govt.

[rajraj]

Hindu editorial on Nobel prize for Physics:


http://www.hindu.com/2010/10/07/stor...0751881000.htm

Key words in the editorial:

'...........creativity and the ability to leave the beaten path.......'

That is what we need in India to ignore 'protectionism' and become independent of outsourcing. Most of the bright graduates are taking the beaten path and knocking on the doors of IT sector corporations. When will the Indian government pay attention?

[gaddeswarup]

Rajraj,
It is interesting that they learnt from a technician. From NY Times article Physics Nobel Honors Work on Ultra-Thin Carbon:
"To do that, they needed very thin pieces, which they first tried to produce by filing down graphite crystals, with no luck. Then a technician showed them how graphite was cleaned before being observed in a scanning tunneling microscope by peeling layers off with Scotch tape.

The scientists placed a flake of graphite on some tape and then by folding the tape over it again and again, gradually cleaved it thinner and thinner until it was only one atom thick."