William Black writes:

The ones the US pays on its huge military research contracts that are really
a way of subsidising civil aircraft development.

Those aren't subsidies, they are margins, which contribute to the profit of
the contractor. All government contractors pad their contracts, especially
military contracts.

What resources?

Water, arable land, fossil fuels, clean air, etc.

India's economic turnaround is almost all based around its huge English
speaking population working in telecommunications based service industries.

I hope it is looking at more long-term prospects.

Neither country has any serious resources that they're selling, ...

They are consuming resources, not selling them.

An Indian graduate with a higher degree will work, in India, for $10,000 a
year and think they've got a very good job.

Compared to the cost of living, he may be right. But that will change (is
changing, in fact).

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