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Fed up by West lecture: Azim Premji

In a strong criticism of the US "restrictive" policies, Wipro chiarman Azim Premji told a gathering of global CEOs that emerging economies are "more than fed up" of being lectured by the West to open their economies without any reciprocity.
PTI | By HT Correspondent, Davos
UPDATED ON JAN 27, 2011 09:38 PM IST

In a strong criticism of the US "restrictive" policies, Wipro chiarman Azim Premji told a gathering of global CEOs that emerging economies are "more than fed up" of being lectured by the West to open their economies without any reciprocity. "I think they (emerging economies) are fed up of being needled for opening their economies."

He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.

"You cannot have one standards of opening up economy for emerging countries to products and contrary (for the others) particularly the US, which has put restrictions on services. This cannot be one way traffic."

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