>At least four questions are being conflated.
>
>One is simply whether, due to foreign capital,
>Indian people are better off than they were otherwise.
>
>The second is whether you want to call profit-making
>exploitation. If you're in a miserable state and I
>come along with some capital and devise a way to make
>you slightly better off and myself much better off,
>is or is that not exploitation.
>
>There is also the long v. the short run -- whether
>foreign involvement provides some temporary benefits
>while precluding healthy economic development over the
>long term.
>
>Finally there is the TINA question. There may be
>three possible states of the world. One is the
>miserable, isolated state; two is foreign investment,
>maybe good temporarily, indefinitely, or never; and
>three is some kind of independent, development-
>oriented alternative.
Well, yes, but what do you think are the answers to these excellent questions?
Doug