Comment by mahranch
10 years ago
> Most nations will do whatever is convenient for them.
Most nations do not renege on trade agreements made with other nations.
> GOP says they will cancel the Iran nuclear deal
"Says" and "do" are two different things, they won't because it's unprecedented. The U.S doesn't renege on massive trade agreements, or with the WTO.
> Not tue, ex: Hong Kong democracy
Ignoring the fact that I have no idea what you mean by this, I do know that it is not a trade agreement, nor is it a financial agreement with another nation. You're comparing apples and oranges.
> You just described all the other countries apart from developed countries
That was kind of my point?
> Every country does it.
Apples and oranges - no "big" country reneges on trade agreements, or reneges on deals with the WTO that were years in the making. Those things are completely unprecedented. I think you, and those who agree with you, fail to grasp the scope and what those deals meant. They literally ripped off the U.S. The U.S delivered on its end, then when it was time for India to live up to its end of the bargain, they ran off. Literally. (See here: http://www.ictsd.org/bridges-news/biores/news/us-launches-ne...)
> If investors don't invest in India or China due to inherent risks then they might loose out in the long run
Speculation. China's economy is slowing down and India's is pretty stagnant (relatively speaking). Other than having a lot of people (over a billion each), neither country has much going for it. There is no innovation coming out of either country. Look up any "most innovative countries" on google and see if you can find China or India among them. Those countries investors may risk losing out on - countries like South Korea.
> from developed world will not be great
Just having a lot of people (big population) doesn't mean there is money to be made. Especially when the government in question (China, for example) is about as authoritative as it gets. They can literally take your business away from you and kick you out of the country and there wouldn't be a damn thing you could do about it. That's not opportunity, that's a minefield. And it's why foreign investors are staying away anb/or pulling their funds out.
Edit: I just noticed in a prior comment you said you were from India, a farming village. Don't you think you're a little biased on the matter?
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