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by rayiner
25 days ago
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I doubt its better for India to have Indians making Google richer than to have them staying in India to make something even a fraction of the size of Google in India. How is India going to create that ecosystem if all the smart people leave? |
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Developing countries have structural reasons for why they are underdeveloped. This is a very complicated topic, and one for which there is no shortage of academic interest. I suggest starting from William Easterly's "The Elusive Quest for Growth".
I quote here from the book review MIT Press:
> What is necessary for growth is that government incentives induce investment in collective goods like education, health, and the rule of law