From the spinning wheel to the fiber optic wire   Kelsey Z.
Postcolonial period <ul><li>British Raj: 1858 - 1947  </li></ul><ul><li>Freedom 1947  </li></ul><ul><li>Neocolonialism fea...
Mahatma Gandhi <ul><li>National Hero  </li></ul><ul><li>Anti-industrialized west </li></ul><ul><ul><li>Only natural medici...
Jawaharlal Nehru <ul><li>Socialism </li></ul><ul><li>Self-sufficiency </li></ul><ul><li>Freedom movement = economic isolat...
Strong Government  Laws  discouraging foreign  trade Antimonopoly rules High  income taxes Laws  granting  lavish jobs Sto...
Rajiv Gandhi (1985) <ul><li>Push reforms = nation’s economic growth doubled  </li></ul><ul><ul><li>Exports grew dramatical...
Economy at its worst  <ul><li>Debt  </li></ul><ul><ul><li>Banks cut off India’s borrowings  </li></ul></ul><ul><li>Oil pri...
Change in Power  <ul><li>Rajiv Gandhi assassinated </li></ul><ul><li>Gandhi's congress party won power </li></ul><ul><li>P...
Economic reforms  <ul><li>Nationwide emergency = economic reform </li></ul><ul><li>IMF bail out  if  India agreed to refor...
<ul><li>Importing easier </li></ul><ul><li>Duty free </li></ul><ul><li>Lower costs  </li></ul>Companies in certain industr...
Dramatic Effect  Economy grew faster than it had in decades   More jobs Inflation dropped Debt paid  Foreign exchange rese...
India today  <ul><li>Democracy </li></ul><ul><li>Market economy </li></ul><ul><li>Open trade  </li></ul><ul><li>Bangalore ...
India Vs. China Growth <ul><li>China </li></ul><ul><li>1978 </li></ul><ul><li>people  </li></ul><ul><li>dissatisfied =  </...
Works Cited Meredith, Robyn.  The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us.  N...
Upcoming SlideShare
Loading in...5
×

From The Spinning Wheel To The Fiber Optic Wire

1,324
-1

Published on

This is a PPT on a chapter from The Elephant and the Dragon by Robyn Meredith presented to the McGehee School economics' class in New Orleans.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,324
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
24
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • From The Spinning Wheel To The Fiber Optic Wire

    1. 1. From the spinning wheel to the fiber optic wire Kelsey Z.
    2. 2. Postcolonial period <ul><li>British Raj: 1858 - 1947 </li></ul><ul><li>Freedom 1947 </li></ul><ul><li>Neocolonialism fear </li></ul><ul><li>Socialism </li></ul><ul><li>Economic self-sufficiency </li></ul>
    3. 3. Mahatma Gandhi <ul><li>National Hero </li></ul><ul><li>Anti-industrialized west </li></ul><ul><ul><li>Only natural medicines </li></ul></ul><ul><li>Wooden spinning wheel </li></ul><ul><li>Revolt against economic ties to colonial power </li></ul>
    4. 4. Jawaharlal Nehru <ul><li>Socialism </li></ul><ul><li>Self-sufficiency </li></ul><ul><li>Freedom movement = economic isolation </li></ul>
    5. 5. Strong Government Laws discouraging foreign trade Antimonopoly rules High income taxes Laws granting lavish jobs Stock Market run by government License Raj Political corruption
    6. 6. Rajiv Gandhi (1985) <ul><li>Push reforms = nation’s economic growth doubled </li></ul><ul><ul><li>Exports grew dramatically </li></ul></ul><ul><ul><li>Companies began hiring </li></ul></ul><ul><li>Laws to allow more imports / exports </li></ul><ul><li>Cut taxes </li></ul><ul><li>Reduce number of industries requiring licenses </li></ul><ul><li>Raised antimonopoly limits </li></ul><ul><li>Problem: short-term borrowing form banks </li></ul>Jawaharlal Nehru Indira Nehru Gandhi Feroze Gandhi Rajiv Gandhi
    7. 7. Economy at its worst <ul><li>Debt </li></ul><ul><ul><li>Banks cut off India’s borrowings </li></ul></ul><ul><li>Oil prices spiked </li></ul><ul><ul><li>Gulf War </li></ul></ul><ul><li>Loss of trade </li></ul><ul><ul><li>Collapse of the USSR </li></ul></ul><ul><li>Extreme poverty </li></ul>X DEBT X OIL PRICES SPIKED X LOSS OF TRADE X EXTREME POVERTY 17% Mill in poverty 100 Inflation 330 Mill Bellow Poverty line foreign exchange reserves fallen to levels that would pay for 2 weeks worth of oil OIL
    8. 8. Change in Power <ul><li>Rajiv Gandhi assassinated </li></ul><ul><li>Gandhi's congress party won power </li></ul><ul><li>P.V. Narasimha Rao as prime minister </li></ul><ul><li>Rao chooses Manmohan Singh as finance minister </li></ul>
    9. 9. Economic reforms <ul><li>Nationwide emergency = economic reform </li></ul><ul><li>IMF bail out if India agreed to reforms </li></ul>Week of Reform:
    10. 10. <ul><li>Importing easier </li></ul><ul><li>Duty free </li></ul><ul><li>Lower costs </li></ul>Companies in certain industries can be 100% owned by foreigners <ul><li>Less government control </li></ul><ul><ul><li>Eliminating antimonopoly limits </li></ul></ul><ul><ul><li>Abolished license raj </li></ul></ul><ul><ul><li>Put stock market back in the hands of companies / investment banks </li></ul></ul><ul><ul><li>Lowered income taxes </li></ul></ul><ul><li>Allowed for foreign economic interaction </li></ul><ul><ul><li>Mutual funds & other investors can buy shares in Indian companies on the Bombay Stock Market </li></ul></ul><ul><ul><li>Importing easier </li></ul></ul><ul><ul><ul><li>Import duty free </li></ul></ul></ul><ul><ul><ul><li>Imports at lower costs </li></ul></ul></ul><ul><ul><li>Companies in certain industries can be 100% owned by foreigners </li></ul></ul>
    11. 11. Dramatic Effect Economy grew faster than it had in decades More jobs Inflation dropped Debt paid Foreign exchange reserves built back up Economic incentives
    12. 12. India today <ul><li>Democracy </li></ul><ul><li>Market economy </li></ul><ul><li>Open trade </li></ul><ul><li>Bangalore </li></ul>
    13. 13. India Vs. China Growth <ul><li>China </li></ul><ul><li>1978 </li></ul><ul><li>people </li></ul><ul><li>dissatisfied = </li></ul><ul><li>seek reform </li></ul><ul><li>communism </li></ul><ul><li>faster </li></ul><ul><li>India </li></ul><ul><li>1991 </li></ul><ul><li>less ready to challenge government </li></ul><ul><li>Democracy </li></ul><ul><li>slower </li></ul>“… It will never have speed, but will always have stamina” “ We are the fastest-growing free-market democracy in the world” “ China is winning the sprint and, we are going to win the marathon”
    14. 14. Works Cited Meredith, Robyn. The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us. New York: W.W. Norton & Company, Inc., 2008.
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×