America's Licence Raj crushes would-be entrepreneurs.

美国的牌照制度打击了想要创业的人。

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But somehow other countries' top businesses, even in India, the home of the licence Raj, have escaped this mediocrity trap.

但其他国家——甚至印度这个许可证制度的发源地——它们最优秀的行业都以某种方式避开了导致平庸的陷阱。

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Since the early 1990s, when India dismantled the "licence raj" and opened up to foreign trade, Indian business has boomed.

自20世纪90年代印度取消了统治许可，向外贸敞开大门后，印度的经济蒸蒸日上。

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Reports of the death of the licence Raj were greatly exaggerated, it seems.

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Economic activities unknown to Nehru, such as software development, back-office outsourcing, call centres and the like are flourishing unchecked, though more traditional sectors are still being freed only gradually from the suffocating red tape of the old licence raj.

ECONOMIST: India

America's Licence Raj crushes would-be entrepreneurs.

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