Posts tagged ‘Asia’

January 7, 2011

China and India in pictures

From Peter Hoskins in the Spectator:

1. This first graph suggests that – allowing for the relative values of different currencies – China’s GDP will top the US’s around 2020. India’s does likewise just before the 2050 endpoint:

2. The picture for each country’s GDP as a percentage of the world economy is more eye-catching still. Here, the US drops consistently from now until 2050, while China and India rise inexorably:

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September 9, 2010

News from the Special Exploitation Zone

DLF Ship building in Gurgaon

Image via Wikipedia

Gurgaon in Haryana is presented as the shining India, a symbol of capitalist success promising a better life for everyone behind the gateway of development. At a first glance the office towers and shopping malls reflect this chimera and even the facades of the garment factories look like three star hotels. Behind the facade, behind the factory walls and in the side streets of the industrial areas thousands of workers keep the rat-race going, producing cars and scooters for the middle-classes which end up in the traffic jam on the new highway between Delhi and Gurgaon. Thousands of young proletarianised middle class people lose time, energy and academic aspirations on night-shifts in call centres, selling loan schemes to working-class people in the US or pre-paid electricity schemes to the poor in the UK. Next door, thousands of rural-migrant workers uprooted by the agrarian crisis stitch and sew for export, competing with their angry brothers and sisters in Bangladesh or Vietnam. And the rat-race will not stop; on the outskirts of Gurgaon, Asia’s biggest Special Economic Zone is in the making. The following newsletter documents some of the developments in and around this miserable boom region. [READ THE REST.]