WHILE LATIN AMERICA NATIONALIZES, INDIA OPENS UP -- INDIA, CHINA Y AMERICA LATINA
NEW DELHI -- How ironic! While Venezuela, Bolivia and other Latin American nations are announcing plans to nationalize key industries, the world's biggest developing countries -- China and India -- are reducing poverty at startling rates by doing exactly the opposite. China and India have been growing at the fastest pace and reducing poverty dramatically since they started opening their economies to the private sector, in 1978 and 1991, respectively. In an interview with India's Planning Minister Montek Singh Ahluwalia, I asked him what has India done to achieve such high growth rates. To find out what he said, and my reaction to it, read the full column here, and let us know what you think.