Here’s a book I’ll be picking up once I can track it down on Amazon. Making Sense of Chindia, a collection of newspaper columns by Jairam Ramesh, according to this Knowledge@Wharton review, pushes the notion of the “re-emergence” of China and India as the leading economic forces in the world (positions both countries held back in the 1700s when measured by “world income”).
What struck me — and what I want to share with you — is the perspective of Mr. Ramesh that India should increase its economic engagement with the US — according to the reviewer — by buying and resuscitating “bankrupt American companies in the manufacturing sector.”
We’re quickly becoming accustomed to the idea of China going on a buying spree in the states, but India doesn’t come up in these discussions. And why shouldn’t it?
Investment by India to resurrect boarded up companies and make them whole again could help quell American concerns about job loss due to offshoring. By applying the process improvement methods they’ve honed in their own operations, perhaps the Indians can do what these American companies’ owners and management couldn’t.
