triển vọng về nền kinh tế Ấn Độ từ "ổn định" để "tiêu cực." Điều này có nghĩa là bất kỳ công ty Ấn Độ tìm cách vay mượn tiền từ các thị trường quốc tế sẽ phải trả lãi suất cao hơn. Và bởi vì Ấn Độ có tỷ lệ tiết kiệm thấp, các quỹ nước ngoài là rất quan trọng cho một quốc gia có nhu cầu 500 tỷ USD vào cơ sở hạ tầng mới trong thập kỷ tới để có thể cạnh tranh. | outlook on the Indian economy from stable to negative. This meant that any Indian company trying to borrow money from international markets would have to pay higher interest. And because India has a low savings rate those foreign funds are crucial for a country that needs 500 billion in new infrastructure over the next decade in order to be competitive. So yes the olive tree had had its day in India. But when it pushes out like that in the system of globalization there is always a price to pay. You can t escape the system. Sooner or later the Lexus always catches up with you. A year and a half after India s nuclear test I picked up The Wall Street Journal Oct. 7 1999 to read the following headline India s BJP Is Shifting Priority to the Economy. The story noted that the BJP came to power some two years earlier calling for India to assert its nuclear capability - a pledge it fulfilled two months later with a series of weapons tests that sparked global sanctions and stalled investment. Upon its re-election though Prime Minister Atal Bibari Vajpayee wasn t even waiting for the votes to be counted before signaling his new priority economic reform. The priority is to build a national consensus on the acceptance of global capital market norms and whatever goes with it. You have to go out and compete for investments Vajpayee told the Indian Express newspaper. An example of the Lexus and olive tree forces in balance was the Gulf Air flight I took from Bahrain to London on which the television monitor on my Business Class seat included a channel which using a global positioning satellite GPS linked into the airplane s antenna showed passengers exactly where the plane was in relation to the Muslim holy city of Mecca at all times. The screen displayed a diagram of the aircraft with a white dot that moved around the diagram as the plane changed directions. This enabled Muslim passengers who are enjoined to pray five times a day facing toward Mecca to always know which way to .
