Tuesday, February 06, 2007

The Elephant Paradigm

What lies ahead....
"The biggest danger of today's rampant economic optimism is that it could breed complacency about the need for reforms. That would be a sure recipe for a future slowdown."

..and how not to get there..... in a nutshell.
 
To boost sustainable growth, India needs to clear the path ahead rather than risk running an economy beyond its safe maximum speed. Indians are understandably eager for their economy to sprint like a tiger rather than amble along like an elephant. Yet few animals have an elephant's stamina or can travel as far in a day—provided its way is not blocked...."

An excellent begining of the the year article from the Economist.

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