Setting up a domestic shipbuilding Industry is no walk in the park. Here is how South Korea set up its first shipyard in Ulsan. 1/n It is 1964, US Army is stuck in Vietnam and wants as many bodies as it can get hold of. Enter, Park Chung Hee, Japanese trained military dictator of South Korea. Having seen how Japan used the Korean war to reindustrialize at light speed, he senses an opportunity for Korea. 2/n

It seems likely that there will be a hullabaloo over OXFAM’s reported claim that bottom 50% of IND pay 64.3% of GST. A cursory analysis of OXFAM's (atrociously researched) reported reveals clever wordplay and accounting shenanigans that will make a Goldman banker blush. 1/n First examine the above claim mathematically.
OXFAM says that the bottom 50% of Indians pay 6.7% of their income as GST. It is being reported that this translates to 64.3% of all GST revenue. Something OXFAM also highlights as indicative inference (see report below). 2/n

This “India needs Free Trade and lower tariffs” is one of the most egregiously misinformed screeds that ignorant western commentators subject us to with nauseating regularity.
Here is a little lesson in Economic History for Mr Dhume.

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wsj.com/articles/india… In 1776 a new country was created in the Western Hemisphere. One of its primary challenges was to chart a path to industrialization and match the technological might of its erstwhile master, Great Britain.
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Was looking to buy a new watch when I stumbled upon this fascinating history of Japanese watchmaking and how they unseated the Swiss. Many lessons in Industrial policy for us here.
1/n At the turn of the century the Americans dominated mass watchmaking and the Swiss were the preeminent purveyors of Haute Horlogerie. Japan had begin to modernize and had imported 700,000 clocks. 2/n

Surprisingly many who were demanding triple peer reviewed data from Bharat Biotech on Covaxin’s effectiveness have enthusiastically embraced WHO numbers without a murmur on methodology and data quality.

A long semi technical thread that will beg your patience and attention 1/n Notwithstanding the opacity with which WHO has spliced data from different sources to create a single subnational panel for India, there are deeper methodological concerns about these estimates. 2/n