08-11-2006, 05:59 AM
http://economictimes.indiatimes.com/articl...2,prtpage-1.cms
How will this impact the cultural identity of nations?
As we become more global, we will increasingly hold on to our cultural identities. Take Korea, which was an insulated country till the Japanese left. See how they have prospered today. They have become more reliant on the outside world, and at the same time they have become more aware of their culture. I see Koreans becoming more Korean and Indians becoming more Indian.
What are your views on Asia, and the India-China wave?
What I wrote about is being played out. But this race between India and China thatâs being written about, is a bit ridiculous. The race is only between companies in India and China in their respective economic domains. Arcelor-Mittal is the biggest steel company in the world, and none of it gets made in India. None of it will count in the GDP of the country. GDP is absolutely ridiculous â in fact, it means nothing. We need new measures; we need a new index â the Economic Domain Index.
How difficult is it to predict the future during a time when change is happening at a faster pace?
Itâs actually easier now. We are moving into a period of evolutionary, continuous change, where weâre testing and perfecting the breakthroughs weâve already made. Thatâs more predictable and organised. I think unpredictability has gone down, and weâll see more of incremental change.
How will this impact the cultural identity of nations?
As we become more global, we will increasingly hold on to our cultural identities. Take Korea, which was an insulated country till the Japanese left. See how they have prospered today. They have become more reliant on the outside world, and at the same time they have become more aware of their culture. I see Koreans becoming more Korean and Indians becoming more Indian.
What are your views on Asia, and the India-China wave?
What I wrote about is being played out. But this race between India and China thatâs being written about, is a bit ridiculous. The race is only between companies in India and China in their respective economic domains. Arcelor-Mittal is the biggest steel company in the world, and none of it gets made in India. None of it will count in the GDP of the country. GDP is absolutely ridiculous â in fact, it means nothing. We need new measures; we need a new index â the Economic Domain Index.
How difficult is it to predict the future during a time when change is happening at a faster pace?
Itâs actually easier now. We are moving into a period of evolutionary, continuous change, where weâre testing and perfecting the breakthroughs weâve already made. Thatâs more predictable and organised. I think unpredictability has gone down, and weâll see more of incremental change.