What Really Ails Europe (and America): The Doubling of the Global Workforce, Richard Freeman, The Globalist, 06/03/2005
Snippets:
By 2010, China will graduate more PhDs in science and engineering than the United States. The huge number of highly educated workers in India and China threatens to undo the traditional pattern of trade between advanced and less developed countries.
…the world needs to abandon the Washington Consensus model of globalization that was designed, not all that successfully, for an utterly different global economy. .
The world needs a new model of globalization and new policies that put upfront the well-being of workers around the world. They will be on the short end of the stick for a long time to come.
Where I work (UGS PLM Solutions), a large number of the of the programmers are from India and China. One day, one of the Indian programmers inadvertently let the following slip out:
"Pretty smart, for an American ..."
It just isn't the volume of educated folks from these countries; the quality is often very high.
But heck, no reason not to drink heavily in school and riot when your team wins (or loses) ;-)
Posted by: Tom Stuart | June 03, 2005 at 05:10 PM