Much of the change is a direct result of the vast expansion of the state through complex subsidies and anti-competitive regulations that invite the sort of cronyism that Mr Meltzer cites as well.
An official in the prime minister's office said Thursday that Mr. Singh plans to try to reintroduce the expansion in foreign direct investment in retail after a series of state legislative elections that will conclude in early March.
But when I look particularly at some key Red States which had voted for George W. Bush but turned Blue last election, there is almost a direct correlation between the development and expansion of its creative class and its increased support for Obama over 2004 Democratic Party nominee Senator John Kerry.
An explosion of wealth and population in early 19th-century New York prompted the Common (later City) Council to ask the State Legislature to establish a commission to "develop and choose a master plan to channel and direct" the city's future expansion.
On the heels of a recession and devastating earthquake, his youth-oriented apparel retailer, Uniqlo, is in major expansion mode in what looks like a direct challenge to U.S. clothing sellers like Zara and the Gap.
The Japanese government had less direct control over its corporations, but its officials co-ordinated their domestic development before earmarking sectors for overseas expansion.