tag:blogger.com,1999:blog-7790648712079591257.post2801914384046703822..comments2023-12-25T02:28:46.982-08:00Comments on Strategy Musings: Comparative Advantage: A Behavioral Theoremcb@strategyhttp://www.blogger.com/profile/08830361140191018158noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7790648712079591257.post-5008546519242625092010-06-27T05:25:05.175-07:002010-06-27T05:25:05.175-07:00A thoughtful commentary on a subject that is argu...A thoughtful commentary on a subject that is arguably a turn-off for non-economists to borrow from Paul Krugman. RTE is long overdue and failure is not an option for India. Trade liberalization tends to be biased in the benefits it brings towards skilled workers therefore it makes eminent sense to build this from the bottom of the pyramid. However, this is also likely to shift workers to the formal labor market from traditional households suggesting potential policy ramifications for implementers of RTE in trying to balance short term pain vs long term gain (i.e., bread today vs cake tomorrow) in the background of poverty, corruption and the like. In addition, although the impact of recession in India has been thought to be minimal, globalization is here to stay. Long term changes to immigration policies in developed countries due to disparities in demographics is also likely to bring with it fair share of challenges and opportunities. Education and training as a sector is attracting investments; an encouraging sign indeed for the long term literacy health of India.Narayananhttps://www.blogger.com/profile/02795521262546415260noreply@blogger.com