Economist Becomes India's Prime Minister

Manmohan Singh, an academic economist turned politician, was inaugurated India's 14th prime minister on May 22.

What does this tell you about India's future priorities? It says to me that India will give an even greater emphasis to sustaining its economic growth in the future. Of course, George Bush is a former businessman and an MBA; so what does that tell you about our President's priorities?

I still wonder in the larger scheme of things whether "local economic development" as we know it today is advancing given our current national and global business and economic strategies. Maybe that is why I have been devoting more attention to business strategy than economic development strategy in the past year. I believe global business strategy today is working hard at neutralizing the effects of geography on business growth. What do you think?

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