I suspect we will see "10 year lows" on tech stock prices too.
Cisco was valued at $600 billion with ~$6 billion revenue in 2000 and now with ~$50 billion revenue is valued at ~$200 billion.
That's what happens when bubbles burst.
1/ How can India produce globally competitive companies like Apple, Google, Pfizer, Samsung, Honda, Boeing, Siemens, TSMC or Huawei?
Why are these companies so important to their host nations?
Is India on a path to producing these companies?
I will explore these quesrions.
@RRejeleene Do you believe in yourself? Start with yourself. Start a small project that has a market and relatively low complexity. Communicate your passion to local youth. Whoever turns up regularly and wants to succeed - help them, coach them, mentor then. Nurture talent, grow with them!
2/ The insights we derived from our small teams is what enabled us to be confident that our Tenkasi project will work.
I believe that a careful study of Estonia, Finland, Israel or Switzerland will yield insights about how economies really work and India's districts can prosper.
@gus_brf China industrialized in the last 40 years.
The EU has a lot of nations and each uses their own language.
Switzerland has under 9 million people and its education system has 4 langauges. They make it work.
https://t.co/kG86l6vjBz
How the Japanese and Chinese learn to code.
The books are all in their languages. Japanese and Chinese programmers also write comments in code in their languages.
1/ India's thinking is dominated by English, which means it is shaped by what goes on in the US and UK. I will explore some consequences here.
First let's come to economics. Both the US and UK are highly financialized, "post-industrial" or "post- manufacturing" economies.
A/ It is extremely important that thinking people grasp the basics of our modern global monetary system. What you do not know can hurt you. Here is a very basic outline.
1. Nations export to the US and receive dollars.
2. Nations export to nations that export to US.