Did India lose golden oppurtinity in getting rich for good?

India waited more than decade after china entered globalized markets. This made Chinese people richer and bettered their living standards. There is growing sense of "protectionism" in richer countries and that free markets don't have right solutions for "manipulation" of currencies by countries with trade surpluses.

However, protectionism would not even work for rich countries. Just like how Britain's economy collapsed after second world war when they turned protectionist. There will probably be a reversal of protectionism in a decade from now. Unlike the impression being portrayed by media, US has by no means turned protectionist under Obama administration.

Printing of more dollars might not make it a cheaper currency

As US prints trillions of dollars to fix the credit and housing crisis, one would expect dollar to become cheaper compared to other currencies. The countries with huge loads of currencies and countries which depend heavily on US trade have incentive to keep US dollar strong. Those governments (not just China) will keep buying US dollars for a long time to come.

This might not even create hyper-inflation in US because the demand for US dollar goes up as it loses more value. Unless, the currency used in international trade (especially oil) and currency used for savings does not change, we don't have anything to worry about...Let federal reserve print even more money. Also let's keep controlling the governments which supply oil.

More f-16s and drones are what we need!