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Russia, China, India: What's Going On?
Click to view studenlawyer's profile Posted by: studenlawyer // 1 month ago // viewed 171 times
Oakland, California // embed media

Russia was a principal part of Super Power Soviet Union. China and India claim to fame was their cheap labor. Now they are touted as possible super powers. I scoffed at that because you never forget History when you are analyzing. They are not going to be super powers.

Recently, Russia was making waves due to high revenue from oil sales. Oli prices tumbled in a hurry and they are reassessing their emergences. China too is beginning to show cracks due to the world recession and no demand for their products. India being a part of Britain's Commonwealth has a different take.

Many years ago, India was considered Third World but their cheap labor helped changed their fortunes. Capitalists realized that the wages for their factory workers could pay for the whole operations in India and China. So they relocated and transferred some technologies. These economies learned quickly and created variations on the transferred technologies. Now india was invited to the Rich Nations' Club the other day. This has given them a new prospective on everything.

The only way India could be expected to super up; is if they develop some unique high demand new product. Perhaps, make diamond and gold. As long as they are dependent on foreign markets to sell what they just assembled; after buying raw materials abroad, it is a small percentage profit margin. It can only happen with greatly favorable sustained net exports.
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