kristoff wrote: Mon May 05, 2008 8:02 pm
Don't even do India if you can avoid it. They are, essentially, doing the same as China economically, and are just as draining of our economy - not only in product manufacturing, but also jobs such as the call centers, programming, and so on.
Actually India, while yes it is a third world country with competitive advantages globally in terms of wages, it is still not motivated by a central committee (IE communist party) focused on becoming the new world super power.
Take the automotive industry as an example. The Chinese have built full "replicars" of existing models from other manufacturers. I was in a BYD (google it) car that was a complete rip off of a Toyota Corolla right down to the power mirror control switch. The Indians don't do that. They take pride in their engineering and design, and have honor in seeing their own ideas through. The recently introduced Tata Nano (google it) is a perfect example. A totally new from the ground up car design, priced at the equivalent of $2,500 (even with the worthless dollar), it stole no one's designs, and in fact turn the automotive world upside down in terms of how to develop a cheep car for the masses. I think motive is a very important distinction.
When it comes to lost jobs here, I think the more telling and amazing story is how do so many people in "third world" countries have educational levels that ALLOW them to take our jobs? How is it that right now only 50% of OUR children even finish high school.
I think before we blame the farmer next door for having fatter cows, we should perhaps focus on feeding our own cows??? Just a thought.