CAN AMERICA KEEP UP? That is the question U.S. NEWS AND WORLD REPORT asks in a special report on America's ability to keep up with the global economy and its technological leap forward in nations like China, India and South Korea.
This is one article among thousands that have been written in the last few years about the rapid decline of American global dominance technologically and economically. This report is sobering to say the least. On the one hand it is exciting to see other nations emerge and offer their citizens a better life, while on the other hand it is disappointing to watch our great country go the way of many civilizations throughout history. I only hope we awaken to these global realities before we find ourselves economic slaves to the rest of the world. Though it may take decades for the concerns raised to become reality, we must act now to maintain a place of leadership.
Please take the time to read this article, though I forewarn you that it is a little discouraging and quite long. It is very important that those of us within the church of Jesus Christ in this country be aware of the trends happening globally. The breathtaking speed of these events is going to deeply influence our lives and our children's lives. Where oh where are the Christian Entrepreneurs?
For the purpose of whetting your appetite, here is a short quote from the CEO of THOUGHTWORKS, a Technology company;
Complacency. Besides, many people see deeper problems--widespread American complacency, an entitlement mentality about jobs, and a pure lack of awareness about how tenacious some foreign companies and their employees have become--that can't be fixed by a few federal grants. "When you're in college drinking beer and watching the Super Bowl, your counterpart in China is on his fourth book," says Roy Singham, CEO of ThoughtWorks, a software consultancy with offices in the United States, India, China, and elsewhere. "I'm not predicting the end of American entrepreneurship, but we will lose 10 to 30 percent of our high-end start-ups."
OUCH! WHAT AN INDICTMENT!
READ THE ARTICLE AT U.S. NEWS AND WORLD REPORT BY CLICKING HERE
Just because other countries are doing better does not mean we are doing worse. Unemployment is low and the economy is looking good. I see no reason why that will not continue.
ReplyDeleteThe best aspect of America is that its entire population are educated and have a good standard living. On the other hand, China and INdia have to deal with under developed villages. If you leave aside the top 10 Indian cities then the people of the rest of the country do not have very good living standard.
ReplyDeleteThank you Razib and China Law Blog for your informative comments. I have travelled to parts of Asia and Europe and realize that much of what is happening in China and India is currently almost exclusively urban in nature.
ReplyDeleteI guess my concern is not so much the rise of these nations, as I think that is a very good thing, but rather the complacency sited in this article and many others.
I am encouraged with our current economic status, but I do not see our country as "hungry" as these Asian Tigers. Our Technological Infrastructure for instance is not keeping pace with Europe and China. Let's get with it now so we will not be sorry in 2025.
Doug