Indiana's place in a globalized economy

April 20, 2010
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Who would have thought just a few decades ago that developing countries would so get the hang of research and development that they’d rise to challenge the West?

But they are. Hugely. As is argued in a recent Economist piece, developing nations are hustling to outdo each other and Western economic powers and play greater roles on the global stage.

They aren’t just making things cheaper, like $3,000 cars and $30 cell phones. They’re building sophisticated companies and reinventing business models.

Big multinationals are fueling the surge as they hope to profit from booming populations. For instance, General Electric’s largest health care R&D location is now in Bangalore.

Maybe it’s no wonder Warren Buffett bought stock in CSX. It’s tough for foreign competitors to take on a domestic railroad.

It goes without saying that these trends affect Indiana. Yet, the state has lots of deep strengths. Hoosiers are good at making things, and the world will continue demanding products ranging from engines to artificial hips.

Indiana also is in the middle of the world’s largest economy. Things and people pass through here on their way elsewhere.

And Indiana has some of the best farmland in the world. That’s good for churning out food products—another promising export, one with potential for lots of value-added.

How would you rate Indiana’s prospects of thriving during an era of rising global competition?
 

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  1. President Obama has referred to the ACA as "Obamacare" any number of times; one thing it is not, if you don't qualify for a subsidy, is "affordable".

  2. One important correction, Indiana does not have an ag-gag law, it was soundly defeated, or at least changed. It was stripped of everything to do with undercover pictures and video on farms. There is NO WAY on earth that ag gag laws will survive a constitutional challenge. None. Period. Also, the reason they are trying to keep you out, isn't so we don't show the blatant abuse like slamming pigs heads into the ground, it's show we don't show you the legal stuf... the anal electroctions, the cutting off of genitals without anesthesia, the tail docking, the cutting off of beaks, the baby male chicks getting thrown alive into a grinder, the deplorable conditions, downed animals, animals sitting in their own excrement, the throat slitting, the bolt guns. It is all deplorable behavior that doesn't belong in a civilized society. The meat, dairy and egg industries are running scared right now, which is why they are trying to pass these ridiculous laws. What a losing battle.

  3. Eating there years ago the food was decent, nothing to write home about. Weird thing was Javier tried to pass off the story the way he ended up in Indy was he took a bus he thought was going to Minneapolis. This seems to be the same story from the founder of Acapulco Joe's. Stopped going as I never really did trust him after that or the quality of what being served.

  4. Indianapolis...the city of cricket, chains, crime and call centers!

  5. "In real life, a farmer wants his livestock as happy and health as possible. Such treatment give the best financial return." I have to disagree. What's in the farmer's best interest is to raise as many animals as possible as quickly as possible as cheaply as possible. There is a reason grass-fed beef is more expensive than corn-fed beef: it costs more to raise. Since consumers often want more food for lower prices, the incentive is for farmers to maximize their production while minimizing their costs. Obviously, having very sick or dead animals does not help the farmer, however, so there is a line somewhere. Where that line is drawn is the question.

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