12-24-2005, 10:11 AM
<!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo--> i think it all depends on the timing and the balance of advantages and disadvantages .
1.Maybe right now since manufacturing still provides thousands of jobs for the lower wage workers of india , the arrival of Walmart might kill the local job creation.
2.Maybe in the future if the education ratio is raised and indian economy transitions towards more a service oriented economy and there are lot of young professionals , it might be a good thing since ultimately the profits will go to the consumer also.
3.In a kind of way i support it since protectionism might now always do good , first of all why should only some of the indian companies (the birlas , tatas , reliance not exactly role models of taxation and social responsibility) get a share of the pie , maybe it will do good to throw it open .
and if you have a big bully in the neighbourhood who is big , maybe it will force the smaller bacchas to improve their game <!--emo&--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo--> who knows.
my two cents
--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo--> i think it all depends on the timing and the balance of advantages and disadvantages .1.Maybe right now since manufacturing still provides thousands of jobs for the lower wage workers of india , the arrival of Walmart might kill the local job creation.
2.Maybe in the future if the education ratio is raised and indian economy transitions towards more a service oriented economy and there are lot of young professionals , it might be a good thing since ultimately the profits will go to the consumer also.
3.In a kind of way i support it since protectionism might now always do good , first of all why should only some of the indian companies (the birlas , tatas , reliance not exactly role models of taxation and social responsibility) get a share of the pie , maybe it will do good to throw it open .
and if you have a big bully in the neighbourhood who is big , maybe it will force the smaller bacchas to improve their game <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo--> who knows.my two cents