“The global power shift from the West to the East is no longer just a matter of debate confined to learned journals and newspaper columns – it is a reality that is beginning to have a huge impact on our daily lives.
After a long hibernation, China, and her 1.3 billion people – twice the population of the U.S. and EU combined – is awaking almost overnight.
And not just China. The world’s second most populous country, India, is industrialising at a historically unprecedented pace.
Western attitudes of superiority to China and the rest of the East will also subside, as Westerners realise they are no longer the masters of the world.
The U.S. company Orient Express complained when Tata tried to buy it, that any association with the Indian company would damage the Orient Express’s premium brand.
Responding, R K Krishna Kumar, a senior Tata executive, thundered that “Indian companies … will take their rightful place in the international arena.
“Enterprises and individuals must recognise and adapt to these fundamental economic changes. We believe that those with a fossilised frame of mind risk being marginalised.”
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