_________ (2005) BUSINESS WEEK, 8/22&29/50-134

Nearly an entire issue is devoted to the top two future competitors versus the USA.
India’s strength appears to be in its innovation and China in its productive capacity. However, both are very strong in each capacity.

As an example, India now has a car that costs about $2,200. That’s right. It cost a few thousand and then is sent to the point of sale where it is assembled. Both countries look to TOYOTA as a company to mimic and model.

China offers great opportunities for American investors because labor is cheap and can not bargain and productivity is high.

China has a bigger education gap than India and India’s medical system is better. China wants more education that is less “force fed” and more nurturing of creativity and curiosity so that innovation can improve.

The USA graduates about 60,000 engineers. China and India have about a half- million combined that show up with engineering degrees in the two countries on graduation day.
The editorial at the end of the issue dwells on that issue. There are more smart, cheap scientist and technologists in the two countries and thus pose a threat to us.