Sunil Sachan
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Sunil Sachan commented on Has the world become flat? on January 22, 2008, 7:10 PM
Awesome video! Obviously Prof. Bhagwati has an endearing way of teaching. However I would disagree with his opinion about why the world is not flat. Prof. Bhagwati says that there are natural inclinations for people to self-select into activities, i.e. Japanese manufacturing perfection. However, there is a difference in today's economy compared to 1980's - Information is free, cheap and easily transferable. So that means, companies in Japan (or for that matter, India, China) can easily adapt to doing multiple things and be equally good in producing goods. Sure there is an argument about ecosystem etc., but that does not preclude any one country from limiting its potential/options.
Sunil Sachan commented on Has the world become flat? on January 23, 2008, 12:10 AM
Awesome video! Obviously Prof. Bhagwati has an endearing way of teaching. However I would disagree with his opinion about why the world is not flat. Prof. Bhagwati says that there are natural inclinations for people to self-select into activities, i.e. Japanese manufacturing perfection. However, there is a difference in today's economy compared to 1980's - Information is free, cheap and easily transferable. So that means, companies in Japan (or for that matter, India, China) can easily adapt to doing multiple things and be equally good in producing goods. Sure there is an argument about ecosystem etc., but that does not preclude any one country from limiting its potential/options.