Tuesday, June 17, 2008

Smaller State? No, Smaller Government is Better...

The American magazine has an interesting article on the topic of Geopolitics and how maps are being redrawn. The article titled “Map Quest” talks about the continual flux in the way the various nations of the world keep changing in their ideaologies and with it the economic conditions leading to different postures in foreign policy. Economic changes and the ambitions of the people of a nation always seems to have some kind of correlation. What seems to be interesting is the fact that this economic upswing and downswing seems to be of a cyclical nature.

Take for example the case of India and China; some three hundred years ago, the Indian and Chinese economies were the dominant economies in the world. America and Japan were nothing more that third world countries. During this period, most products that originated in the subcontinent and China were held in very high esteem. And true to the famous saying that ‘imitation is the best form of flattery’ the western businessmen actually copied the articles from the oppulent orient and sold it in their countries for a premium. Ceramic is a classic example of this kind of a situation. It was a product of China and some European entrepreneurs perfected a process to make cheap imitation ceramic and sold it to the western nations. Today, when the US is the dominant economy, we see a reverse situation. Chinese and Indian entrepreneurs are the one becoming competitive by manufacturing western products in a cheaper and better way! Continue...

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