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>Indian corruption is rent-seeking unlike some high growth nations where corruption is more like profit sharing This made curious, and interested. Could you pl
by soneca 10y ago
>Indian corruption is rent-seeking unlike some high growth nations where corruption is more like profit sharing
This made curious, and interested. Could you please expand more on this?
How are they different? Why this specific kind happens more on India than other countries?
- shriphani 10y agoI don't have a large sample size but here's an interesting anecdote: India's largest phone manufacturer had to set up operations in Taiwan to buy fully functional phones, open them up and reassemble them in India: here's details + an interview where the CEO mentioned this story: http://blog.shriphani.com/2016/05/26/the-lunacy-of-the-apple-india-story/ http://blog.shriphani.com/2016/05/26/the-lunacy-of-the-apple... It is almost as if the nation has internalized its mediocrity and decision-making is overly focused on potential losses.