Advantage India, Disadvantage India

Image via WikipediaI first thought in terms of India. An Indian does not need to look far and wide to find poverty. It's right there. It's right there in the backyard. India has the vast majority of the dollar a day, two dollars a day people.

I'd start out by knowing the culture. I'd know the language. And when I say that I mean to say English also, not just Hindi, not just Maithili and Bhojpuri. India is the biggest English speaking country in the world.

And there is the size. I could take the company IPO based just on Bihar. Bihar alone is that big. It would make sense to polish the basic business model in Bihar and then take it to Africa, rather than otherwise.

India is a vibrant democracy, the biggest in the world.

Superfast Cable Broadband And The Rest Of The Daily Soup

• A jump from the current 2 MB to 100 MB as early as next year is highly desirable. There is no way to go but up. Personally I would like to follow World Cup Soccer games online. For one, I don't own a television set. Two, I don't want to own a television set. There is this double whammy of speeds going up and the prices going down. Connectivity prices need to go the hardware and the software route: down, down, down. The competition sizzles up. There is DSL (1.5-3), cable (4-16) and fiber (30). When you cut prices, you gain market share, like DSL companies have shown; when you raise speeds, there is a similar effect. Municipalities geting into the fiber network business is another pop up. Why wait for the market to seep it in! This Louisiana victory goes against the current of other defeats where the big companies bullied the small and not so small towns.
  

• A 10 year old Pakistani is in news for getting Microsoft certified. She got to meet Bill Gates, an experience she describes as "second only to visiting Disneyland." Gates' got company and competition, both. Another curiosity: bike powered internet in Uganda. Wow.
  

• Like WiMax has been moving towards standardization and mainstreaming, so has broadband over powerlines.
  

• Rush Limbaugh and Al Franken are both podcasting. Looks like both have arrived. Podcasting needs to go video. So media pyramids come down like in tetris games. I personally am waiting for Evan Williams of the Blogger.com fame to release his Odeo. I am into audio but not podcasting yet. To tell you the truth, I prefer text, but audio and video components embellish the offering. Here are some more interesting talkers than Lim or Frank. And this Mark Cuban foray into blogosphere search.
  

• iPod for movies anyone? The need is sure there. That darling of a company Skype is off into video phones.
  

• With all this talk of text, audio and video, I keep thinking, why are not more of these people working harder on MathML?
  

• Looks like Amazon is already searching inside hundreds of thousands of books before Google.
  

• HTML to microformats. From computers talk to humans to computers talk to computers. This is on a Wharton site, by the way. XML, XHTML, RDF, iCalendar, vCard.

• Microsoft feels the jitters. Used to be Sun sued Microsoft. Now it is Microsoft is suing Google. Looks like Google has managed to create a more exciting work environment. It is an innovation at the corporate level, it is a group dynamics thing. In another industry, Citi also shed some.
  

• There is this news about China's 9% economic growth, apparently a slowdown. That reminds me. The Chinese leadership has been buying hundreds of billions of dollars in American debt, money that goes to pay for tax cuts for America's richest. Such a distortion. That money should be going to China's poor, into human capital and infrastructure and small business investments. Good reason why the Chinese should ditch their communist party monopoly on political power. These bigwigs there are on this big ego trip at the expense of doing good by their own people.
  

• That brings me to FDI, China and Taiwan. Apparently China gets most of its Foreign Direct Investment from Taiwan, but look at its saber rattling on Taiwan. Such a disjunk between economics and politics there too.
  

• China's insisting it will not float its currency. That is a high mark to currency stability. And a pointer to monetary unions. Currency fluctuations: what economic good are they?

• This article on the global economy paints a somber picture. Productivity growth might not lead to higher wages if there is not a total emphasis on continual education and training.