Hot Topics in Business: John Doggett on the CIA (China, India, and America)
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In 2001, Goldman Sachs predicted that Brazil, Russia, India and China (labeled the BRICs) would dominate global economic markets in the 21st century. Based on those countries' economic and polictical conditions at the time, the notion seemed highly unlikely. Yet China has surpassed Japan for the world's second largest economy, and India is closing in with the fourth largest, bigger than both Germany and the United Kingdom. And China has the three largest banks in the world by market capitalization. What does this mean for the future of global trade? John Doggett, Senior Lecturer of Management at the McCombs School of Business, reviewed the dramatic rise of the BRICs and the implications for the world economy during the MBA Alumni Conference on March 26.
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The video ends with the professor suggesting there needs to be war if America is to stay at top...and the way things are going in late 2016....America is trying pretty damn hard to create a situation where there is a world war again....not have to take responsibility for it directly.....make it happen in a way that they can blame everyone....they shouldn't have done that....everybody was at fault....America is the biggest threat to the world....
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What book is he talking abt @ 53:15?
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What book is he talking abt @ 53:15?
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Need links to those slides which he is pointing at...
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Need links to those slides which he is pointing at...
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whats the US guy talking about? India or China didnt go an conquer a whole continent to be the biggest economy...they are simply smarter and work harder....period!
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i heard manmohan singh as mohamed singh xD
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india has no chance to be the supper power, not in million years. for get about the supper power thing, inida has even no chance to be a regional hegemon.
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India is a mixed economy. So saying just India is capitalist is wrong. No economy is perfect and Indian Economist believe that a combination of both will achieve great results
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The presenter is sexy and all, but I'd rather see the slides and not his face, no offence.
I feel I missed a lot not seeing the presentation lol. India and China's time to challenge the US' hegemony on the rest of the planet is ripening everyday.
I'm hoping India overtakes China, they've been the world's "spritual guru" for thousands of years, and a peaceful bunch, full of vegetarians and all. Whereas China is always about conquest, sorry for the stereotyping, but if you study history, that's what you'll see about the two countries. -
Because they get subsidies from China and India. Same with Brazil and many other countries give away tax credits and direct helper subsidies.
Kind of like our financial system gets too big to fail subsidies.
Follow the subsidy. Nothing in this mercantilism system is sustainable however.
Those projections of growth will likely fail. Most of the emerging economies failed to produce a middle class that can allow domestic growth. They and now all countries are in a rush to export their way to prosperity which is mathematically impossible. You must have a domestic economy that has a cyclical growth cycle. Already seeing the BRIC nations even the heavy oil (black gold) dropping.
Not a sustainable method. Their rulers and even ours are still fucking morons.
Will that change? I hope so. But I can't quantify how likely. Knowing how human behavior, probably not.
As for "we're not there?" Are you kidding me? Most of every company in the US with stock capitalization over 10 million dollars has some manufacturing. Some of their retail isn't doing so strong. Some have moved away because the quality sucks or somewhere is cheaper.
By all moral reasoning China's and India's population, those places should be the worlds largest economy because they have the highest population. Its tragic they don't and they're going down this weird new mercantilism style that will basically melt down and cause a new economic dark age. -
This is meant for an American B-School audience, take with a grain of salt. You should hear the ridiculous things Indian professors say about USA in Indian B-Schools.
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Quite an interesting and entertaining lecture. Really enjoyed watching. His take on India and China is very insightful. The Prof. has raised some interesting questions and provided a great factsheet , after coming to the states and working for few big companies it was quite evident that most of these companies choose to ignore these new market and hence are missing out on the opportunities available in developing countries like India.
India has poised to be the land of great possibilities
In future. With a new government and a vision for a better India in next decade India is sure to achieve great heights. -
One thing that is true, westerners only respect east asians in Asia. Their society is wretched towards oriental people.
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India was never poor. Why Columbus wants to find India , Why Britain wants to conquer India. Nobody wants to conquer poor country. Britain looted us. Then for years corrupt government. now over population.
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Very interesting
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at 18 or so min he said Muhammad Singh ?wow
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I doubt the assumption that China and India will both develop for the next two decades. In my opinion, China is another Japan in 1970s but 10 times bigger, the government is efficient and good at infrastructure improvement, and the whole country are quite focusing on the economic development. India, on the other hand, doesn't have very strong and efficient government, so they cannot "copy" the East Asian Model (or the Japanese Model). Then, when China take the place of US to be largest economy and global market, India may be hard to keep fast developing.
1. India needs large amount of nature resources to support its large population, but most of the resources have been controlled by Chinese and Westerners.
2. Service industry is the key segment of Indian economy (East Asian countries developed via manufacturing and export), and its large English speaking population helps a lot. However, when China became the No. 1 market in the world, more and more Chinese speaking services are required than English, and Indian service industry will lost its most important advantage. -
I've seen the X-files, that's not John Doggett!
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excellent speech
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