Economics

TLDR - Summary: Analyzing recent market changes and reshaping industries and the human factors involved in it presents an economic complexity that goes beyond textbook theories. Competitive advantages are temporary - What seems permanent (like India’s IT dominance) can shift rapidly Monetary policy is as much psychology as economics - Expectations often matter more than fundamentals Perfect systems don’t exist - All economic frameworks involve trade-offs Money is a tool, not wealth - The goal should be facilitating productive exchange, not monetary purity Human behavior drives economic outcomes - Any system that ignores human psychology is doomed to fail The Great Outsourcing Shift: How Federal Reserve Policy is Reshaping Global Tech Markets Southeast Asia is emerging as the new frontier for IT outsourcing, with Vietnam and the Philippines positioning themselves as serious competitors to India’s long-standing dominance in the global services economy.

TLDR – Summary: Based on Joe Studwell’s How Asia Works, this article argues India skipped the “land → manufacturing → finance” formula that drove East Asian growth. East Asian model: Land reform boosted small-farm output, state-led export manufacturing forced global competition, and financial control funneled capital into industry. India’s detour: Post-1991 liberalization built an IT/BPO powerhouse (<1% workforce) instead of a broad manufacturing base (~14% vs. 30% in East Asia).