Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (24759)	10/30/2002 8:50:33 PM
From: Maurice Winn	Read Replies (1) of 74559

Jay, 5 years ago on an investigatory trip to India, I found that they were stupidly ditching the last remnants of British colonisation, including English [but not Karl Marx]. Young people were annoyed to find that canceling English lessons was not a good idea when it came time to actually earn a living, which required English [or American]. Americans won't learn Hindi or various dialects, neither will Japanese or anyone else. Not until India has a lot of money anyway. So maybe China will beat India on that score too, despite the enormous head start India had 50 years ago, which has been completely thrown away in favour of continued poverty and state bureaucracy. <Warning the Indian IT industry against complacency and on the sole advantage of its high quality software skills with the monopoly of English-speaking techies, Shah reminded the high-tech delegates that it would not be far when the Chinese would pay back India in the same coin. "During my trip, Chinese officials have briefed me on the mega plans that are underway to teach English to millions of its people along with computer literacy. China is setting up in 25 states human development institutions, with as many centres of excellence to churn out IT geeks by thousands in the next 5-6 years," Shah disclosed. The Chinese are all set to repeat its economic and industrial success stories of the last two decades in the emerging knowledge sector. They are very focused in learning English rapidly to target the global outsourcing market in IT and biotechnology sectors.... > Indians had better start learning Mandarin or English or both. They could have made do with just English and the Chinese would have had to learn Hindi! Too late. The Chinese are getting umpty $billions and to get it people will need to know their lingo. Money talks. It talks the language of the person who has it. In a decade, that'll be China. Mqurice

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