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TRADE FRAUDS

Trade Frauds

In Tamil, there is a saying that as long as there is one to get cheated, there will be people who continue to take them for a ride.  These days, I am hearing lot of incidents of people being taken for a ride.  Earlier, we used to get such incidents from poor countries of the world whereas now cheaters are from rich countries as well.  I am yet to understand this pattern but things are on the rise.  In this post, I am examining the issue and what to do in case one is defrauded!

What do we learn from the Chinese?

https://www.linkedin.com/in/eximpaddy

Ever wondered how China has become such a major power in economy, sports or in diplomacy in a matter of roughly 2 to 3 decades. This question always used to bother me a lot. A country which was equal or less than in India till 1978 leap frogged in to world stage. In the process lifting out 50% of its population from poverty and subsistence living. The only country that can be compared with India is China, no body else in terms population and concomitant problems.

Yes, the differentiating factor is democracy in India and dictatorship in China. But that also does not explain their economic miracle! If democracy is the factor, both India and US are democracies, where are we?