An Oasis

Routes to Economic Growth

There's an interesting story about the opposing routes taken by China and India to fostering economic growth in Foreign Policy.

While China has achieved quick results through creating an environment which encourages inward investment, India has adopted a slower route to home grown success.

Looking at Scotland, we for years seemed to think that foreign capital was the route to riches but recently the tone has changed significantly, perhaps after realising that inward investment tends to create a pile of low value jobs for a while until somewhere better comes along and the factory moves there.

All then that is left are empty buildings and a concentration of unemployed unskilled workers.

Posted by Paul at September 22, 2003 06:45 PM |