India was also part of this globalized trading world. The cities within the Indus Valley

were well planned and included a trading system that was managed much in the same way as that in the Middle East. Indian socialism, combined with an economy of private managers played a significant role in the success of their trading endeavors. Moore & Lewis note that ancient India could well have been the inventor of supply-side economics. This claim is based upon the Arthashastra, an Indian manual for economic planning and political policy, and how these should integrate to ensure the economic well-being of the country. General Indian thought was however much more focused upon the afterlife than upon successful economic and trade policies in the physical world.

According to Moore & Lewis, China was far ahead in terms of technology and management theory. Chinese thought was much more practical than that of India....
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