A devastating story in this week's Outlook on how the ecosystem in Dhabol (India) and the people's traditional livelihoods that depended on it got destroyed by the establishment of the Enron factory there. They also have a story that hints at larger scale corruption and complicity between Enron and three successive Maharstrata state governments.
I have always been an advocate of massive foreign investments in industrial development to bootstrap weaker economies. But I also know that most third world countries have irredeemably corrupt governments. Most politicians anywhere dont think beyond their prospects for the next elections. I read stories like that of Dhabol and despair. How do you kickstart an economy, solve infrastuctural issues without fucking up things on a gigantic scale as it happens way too often?
Posted by Kaushik at February 06, 2002 02:08 PM