POWER SHIFTS
The Telegraph (Calcutta), April 2, 2010
The gradual rise of India and China as major economic and political powers could be “the greatest geopolitical challenge facing the international system in the twenty-first century”. So said Ronald Findlay and Kevin O’Rourke in their 2008 book, Power and Plenty: Trade, War, and the World Economy in the Second Millennium. Even before the global financial crisis, others wrote about the shift in economic power from the West to the East. Some of that has been through the acquisition of natural resources globally. China has been acquiring natural resources in Africa, apart from an attempt to buy Rio Tinto, a minerals conglomerate; it is even acquiring what are predominantly Western brands, from IBM’s personal computer business to the iconic American sport utility vehicle, the Hummer.
India is, too, even if it has been a late starter. Its companies have acquired coal mines in Indonesia, and also brands: Tata Motors owns Jaguar Land Rover, for instance. Other companies, including large information technology firms, have acquired smaller ones in the United States of America as a way of accessing Western markets. They have been less fortunate with European companies, but even that may be a matter of time. In the last few years, Suzlon acquired REpower, a wind turbine company based in Germany. Vedanta Resources is a minerals company operating out of the United Kingdom, but its principal assets and ownership are Indian.
The Telegraph (Calcutta), April 2, 2010
The gradual rise of India and China as major economic and political powers could be “the greatest geopolitical challenge facing the international system in the twenty-first century”. So said Ronald Findlay and Kevin O’Rourke in their 2008 book, Power and Plenty: Trade, War, and the World Economy in the Second Millennium. Even before the global financial crisis, others wrote about the shift in economic power from the West to the East. Some of that has been through the acquisition of natural resources globally. China has been acquiring natural resources in Africa, apart from an attempt to buy Rio Tinto, a minerals conglomerate; it is even acquiring what are predominantly Western brands, from IBM’s personal computer business to the iconic American sport utility vehicle, the Hummer.
India is, too, even if it has been a late starter. Its companies have acquired coal mines in Indonesia, and also brands: Tata Motors owns Jaguar Land Rover, for instance. Other companies, including large information technology firms, have acquired smaller ones in the United States of America as a way of accessing Western markets. They have been less fortunate with European companies, but even that may be a matter of time. In the last few years, Suzlon acquired REpower, a wind turbine company based in Germany. Vedanta Resources is a minerals company operating out of the United Kingdom, but its principal assets and ownership are Indian.
(...) [artículo aquí]
Posts
No comments:
Post a Comment