FDI: Not sufficient but necessary
Steven Philip Warner | The Dollar Business Deng Xiaoping – the name may simply sound “very Chinese” to most. Let’s make this simple – he literally invented Foreign Direct Investment (FDI) in a China immersed in ideologies freely distributed by the old Mao Zedong school of socio-politics and therein intoxicated with anti-Capitalist scriptures floated around during the great proletarian cultural revolution. In short, he reduced Chinese obsession with everything being Chinese from “root-to-fruit”, strictly in the industry sense. Xiaoping is today regarded as the economist-first-politician-second, who masterminded the ‘Made in China’ market weapon that the world is in awe of still, two long decades after he became ‘present’! India needs a Xiaoping – less by heart, more by mind. Left brainers won’t ...
