What America must do to compete with 'Chindia' - Mercedes-Benz Forum

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post #1 of 47 (permalink) Old 11-10-2005, 03:18 PM Thread Starter
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What America must do to compete with 'Chindia'


Ever since the collapse of the Soviet Union, Americans could reasonably dream of a world dominated by a single superpower: the US. No longer. The rapid transformation of China into an economic powerhouse, and the likelihood that India will follow in its footsteps, means the US must prepare for a far different future, one where it must learn to share economic power as never before.

Such change won't be welcome or easy. But as America's economic dominance is challenged -- China could surpass the US as the world's largest economy by mid-century, with China and India combined accounting for roughly half of all global output -- Washington must craft fresh strategies that will still allow the US to thrive in this new tripartite world order.

First, America must renew its commitment to innovation, allowing US companies to keep creating new products and services that customers around the world want. The US has long shown a knack for producing the kind of high-margin manufactured goods (aircraft, construction gear), branded consumer products (Coca-Cola, iPods), and smart intellectual property (movies, drugs) that are hot sellers from Boise to Bangalore to Beijing.

But today's Asian competitors are quickly acquiring the technical skills that underlie much of American innovation. For instance, China and India graduate a combined half-million engineers and scientists a year, vs 60,000 in the US. It's the same lopsided story in life sciences. Even if training in the US is better -- a debatable point -- the sheer amount of low-cost brainpower that China and India will have at their disposal will eventually give them an edge.

That's why it's time for Washington and the states to set more rigorous standards for instruction in such key subject areas as science and math, where Asian students consistently outperform. It will take years to see the payoff there. In the interim, the government needs to rethink visa changes that, since the September 11 attacks, have made it more difficult for foreign students majoring in technology fields to attend college or graduate school in the US. Many of those students go to work for American companies after graduation, invaluably bolstering our technical competitiveness.

But there's a lot more than schooling that needs to change. For one, the US has dominated global commerce and culture for so long that few Americans study any language other than English.

Indeed, only about 9 per cent of Americans speak a second language. More worrisome: Although college enrollment in Chinese language classes has grown 20 per cent in the last decade, the 2000 census found that less than 1 per cent of the US populace speaks Chinese.

That's fine today, when America still rules the global roost. But given the eastward shift of design and manufacturing and the Asian expansion hopes of many US companies, more Americans must become proficient in local languages.

To be sure, the ascendancy of China and India is not assured. Both countries face a host of challenges that could have big destabilising effects on the global economy if not handled smoothly.

For example, if China's growth slows and its unemployment rises, it could face political unrest from both those who lose their jobs and the hundreds of millions of peasants still in the countryside. That would surely put a chill on foreign investment and could even disrupt shipments for the hundreds of foreign manufacturers who now use it as a production venue. And China's fragile banking system, only now starting to face competition from foreign firms, could still implode and roil world markets.

Meanwhile, India's public finances are a mess -- budget deficits at the federal and state level are near 10 per cent of gross domestic product -- and its historical rivalry with neighboring Pakistan could escalate into a military conflict that could stall growth.

But counting on China and India to falter is foolhardy. Beijing has proven surprisingly adept at managing its economy, tripling per capita income in a generation and attracting tens of billions annually in foreign investment. Likewise, India is putting in place the infrastructure upgrades and reduced bureaucracy to shift it from a services-outsourcing specialist into a broad-based manufacturer in the China mold.

That's why the emergence of China and India as economic giants should be a wake-up call for America -- and the rest of the developed world, for that matter. The "Chindia" region's mix of cheap skilled labour, capital-friendly governments, and huge domestic markets is simply too potent to be dismissed.

So the US must continue vigorously engaging India and China as trading partners who just may fuel its future growth along with their own. Otherwise, America risks becoming the next Old Europe: desperately trying to slow the march of global progress in a vain effort to retain past glories.

Thanks, D.
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post #2 of 47 (permalink) Old 11-10-2005, 04:29 PM
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RE: What America must do to compete with 'Chindia'

Remove trade barriers.

Remove trade quotas.

Remove tariffs.

Get out of the UN.

Get out of the WTO.

Cut taxes on corporations.

Cut government spending.

Legalize working aliens living in the USA and simultaneously and effectively close the borders.

Recognize the legitimacy and primacy of the 9th & 10th amendments.

Repeal the 16th and 17th amendments.

there's a start.

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post #3 of 47 (permalink) Old 11-10-2005, 07:56 PM
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RE: What America must do to compete with 'Chindia'

I remember when I was in school we read about the- Japanese workers who worked long hours for little money.Nowdays they work less hours and want more money.
I don't think Chinese or India's workers will always work for peanuts.They will eventually get as greedy as the rest of us.With increased wages Walmart can't "sell for less"

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post #4 of 47 (permalink) Old 11-10-2005, 08:00 PM
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RE: What America must do to compete with 'Chindia'

Quote:
v8crazy - 11/10/2005 9:56 PM

I remember when I was in school we read about the- Japanese workers who worked long hours for little money.Nowdays they work less hours and want more money.
I don't think Chinese or India's workers will always work for peanuts.They will eventually get as greedy as the rest of us.With increased wages Walmart can't "sell for less"
They'll do what a business is supposed to do: Search for a source of cheaper labor. Maybe the next place will be Rwanda or Mauritius. By that time, China will be importing finished good from countries with cheap labor. Look at Japan and S. Korea, for example. As a direct benefit, a growing middle class will put pressure on the gov for improved education and greater political power. It happens every time.

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post #5 of 47 (permalink) Old 11-10-2005, 08:01 PM
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RE: What America must do to compete with 'Chindia'

Yayyyyyyyyy, I told you the Chinese were gonna rule the world!!!! Now as you get shot, I will be helping ruling the world.

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post #6 of 47 (permalink) Old 11-11-2005, 07:50 AM
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RE: What America must do to compete with 'Chindia'

No, they'll shoot you first for living with the enemy. [;)]

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post #7 of 47 (permalink) Old 11-11-2005, 09:42 AM
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RE: What America must do to compete with 'Chindia'

Quote:
Botnst - 11/10/2005 6:29 PM

Remove trade barriers.

Remove trade quotas.

Remove tariffs.

Get out of the UN.

Get out of the WTO.

Cut taxes on corporations.

Cut government spending.

Legalize working aliens living in the USA and simultaneously and effectively close the borders.

Recognize the legitimacy and primacy of the 9th & 10th amendments.

Repeal the 16th and 17th amendments.

there's a start.

Bot
Sure, that's the way to compete with modern super-states - go back to 1865!

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #8 of 47 (permalink) Old 11-11-2005, 09:49 AM
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RE: What America must do to compete with 'Chindia'

Quote:
kvining - 11/11/2005 11:42 AM

Quote:
Botnst - 11/10/2005 6:29 PM

Remove trade barriers.

Remove trade quotas.

Remove tariffs.

Get out of the UN.

Get out of the WTO.

Cut taxes on corporations.

Cut government spending.

Legalize working aliens living in the USA and simultaneously and effectively close the borders.

Recognize the legitimacy and primacy of the 9th & 10th amendments.

Repeal the 16th and 17th amendments.

there's a start.

Bot
Sure, that's the way to compete with modern super-states - go back to 1865!
That finely honed argument befits a boy of your intellect.

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post #9 of 47 (permalink) Old 11-11-2005, 09:49 AM
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RE: What America must do to compete with 'Chindia'

End American dependence on foreign energy sources, wwhich will free up trillions in capital currently being exported to oil fascists every day, for improvement of the domestic economy, while stimulating jobs and growth in science and mathematics

End the Space Program, and replace it with a similiar national inititive to do the above and another to make huge advancements in robotics and other machine methods that can compete with slave labor.

Convert the US government to a representative parlamentary democracy, and convert states into simple administrative districts instead of inefficient, argumentative mini-nations constantly at cultural war with one another, eliminating an unnecessary and increasing expensive layer of government that corrupts our schools with religious claptrap and ignorance pushed by religious fascists.

Institute a national ID card system, and use it to enforce the employment laws.

Put employers of illegal aliens in prison.

Kick all the fucking Mexicans out of the country



Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #10 of 47 (permalink) Old 11-11-2005, 10:03 AM
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Aren't you a bit extreme?

Quote:
kvining - 11/11/2005 10:49 AM
Kick all the fucking Mexicans out of the country
They're hard to catch in the act, but if we do, how about we just castrate the "fucking" Mexicans? Otherwise, they might ask we give them back Tejas and California.

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