Adventures in Capitalism  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8756 (Oct. 2011), page 3-5.
Topik: Entrepreneurship; Startups; Capitalism; Economic Development
Fulltext: Adventures in capitalism.pdf (27.72KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Amid the barons and conglomerate bosses, the only man who represented a recognisably contemporary Western vision of the corporation in India was N.R. Narayana Murthy, the lead founder of Infosys. The Infosys vision of Indian capitalism was popularised by Thomas Friedman, an American journalist who had an epiphany after playing golf in Bangalore and meeting Infosys's chief executive. Mr Friedman went on to write the 2005 bestseller "The World Is Flat". It described an India of buzzing entrepreneurs and start-ups, turbocharged by the internet, outsourcing and global communications - a kind of giant Silicon Valley with worse roads and spicier food. In the years since, perhaps reflecting the woes of the West and the rise of China's state-backed approach, some observers have been less restrained, celebrating a reassuring India of a billion innovators who, through a bottom-up revolution, would propel their country to prosperity. Just as Lenin hoped Russia could skip a Marxist phase or two and jump from agriculture to communism, so these cheerleaders hoped India could leap from sclerotic socialism, which prevailed between independence in 1947 and liberalisation in 1991, towards a Western form of institutionally run capitalism. But that is not how things have turned out.

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