<p>Hey Guys
One of my friends has applied to Huntsman. Unfortunately his application got lost in the mail. He would be faxing it again tomorrow. He’s worried about his essay. Can someone please review his Huntsman essay?</p>
<p>Thanks:</p>
<p>THE ESSAY::::</p>
<p>[Essay]
There’s a [beautiful</a> picture of earth at night]( <a href=“http://www.andrew.cmu.edu/user/golan/datavis/img/maps/datavis_earth_at_night.jpg]beautiful”>http://www.andrew.cmu.edu/user/golan/datavis/img/maps/datavis_earth_at_night.jpg) on NASA’s site. If you look carefully, it tells a lot about where the world economy is at present. America is most brightly lit, Europe is uniformly bright. Africa and Tibet are completely in dark. China is bright on the coasts but central parts are in dark. India is full of dull lights.</p>
![http://www.andrew.cmu.edu/user/golan/datavis/img/maps/datavis_earth_at_night.jpg]beautiful](http://www.andrew.cmu.edu/user/golan/datavis/img/maps/datavis_earth_at_night.jpg%5Dbeautiful){kind=link}
<p>To me, this picture emphasizes the obvious point that Energy and Economic Development are fundamentally intertwined. Only more reason why Indo-US Nuclear deal makes sense.
But what’s making these two hitherto “nuclear-unfriendly” nations into partners?
In a fast globalizing world the economic implications of the deal can’t be ignored.</p>
<p>For India: N-Deal [apart from ending its 3 decade long Nuclear Isolation winter] Means two thing:-</p>
<p>Provides Energy Security: India needs rapid economic growth to fight poverty, unemployment and to advance towards its goal of becoming a developed nation: Something impossible without Energy Security. The N-Deal will help India meet its future Electricity requirements.</p>
<p>Changes profile of Energy Suppliers: Indians will still have to live under the fear of Energy supplies been cut off. What the deal does is that it makes the Indian Economy hostage to 45 member NSG (whose members are largely democratic and are politically stable) rather than largely undemocratic and politically unstable OPEC, in case of crisis.</p>
<p>For US: The main argument by American proponents of the deal is that it would reduce the world demand of oil and in turn reduce gasoline prices for American consumers. This argument makes little sense, in my opinion because less than 1 percent of India Power plants are oil based, majority are coal based. However these old coal based thermal plants have completed their age and would soon need to be replaced. Indian Planning commsison has set a target to lift electricity generation through nuclear plants to 63,000 MW from currently 3000 MW in the next 25 years. Even by a conservative estimate that would mean an investment of $100 billion by India: A golden opportunity for world wide Nuclear Industry. </p>
<p>Nuclear Industry in the US is going through a stagnant phase. No new commercial reactor has come up during the last three decades. With the Henry Hyde Act permitting trade and commerce in nuclear technology and fuel with India, the US nuclear industry would gain emerging nuclear market. It’s widely believed that the US nuclear lobby has acted behind the scenes to assure a smooth passage of this bill.</p>
<p>Indian communists and leftists often warned after liberalisation of Indian economy that Multinationals would become instruments of US foreign policy to subjugate India. The reverse came true: US business acting as a lobby for Indian foreign policy.</p>
<p>Not long ago Indian business tycoon, Ratan Tata, washed dishes as a college student at Cornell University because what was perhaps India’s richest family could not legally wire him money for food due to miserly Forex rules. Thanks to foreign investment by US multinationals currently Indian Forex reserves stand at $180 Billion.</p>
<p>This has had, in my opinion, the most important impact on relations between Indian and United States. No longer Indian is dependent on the dollars of World bank and IMF. This has thus deprived the leverage US administration usually has on a developing country, like India, in need of aid and trade concessions.</p>
<p>As the final curtain draws on the Nuclear Deal it’s clear that businesses of both countries would benefit.</p>
<p>[/Essay]</p>