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Politics : Foreign Affairs Discussion Group
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To: KyrosL who wrote (125641)3/5/2004 8:07:49 AM
From: Neocon  Read Replies (1) of 281500
 
American universities are still the place to go for the best education in science and technology, and the best students in India and China come here if they can. Additionally, even those graduating at home come here to work in preference to staying behind for outsourced jobs if they have the leverage to negotiate.

The "knowledge age" economy is a whole different way of organizing things. We can outsource some functions to less developed economies, but that does not mean that they are nearly ready to make the transition. For example, even now Internet penetration is greatest in the United States, and the English speaking countries generally have exploited the Internet more than other countries.

Also, one should not underrate the investments necessary to develop and up- to- date high tech capability, especially in a situation where tech generations change rapidly. "Internet II", which is being constructed to handle the growth of traffic in the United States and Western Europe, will take billions of dollars for completion. Individual businesses have invested a lot of money in establishing a high tech infrastructure and updating it.

In my area (Washington DC) home Internet penetration is the highest (proportionately) in the United States. But the area is also the most highly educated urban area in the United States, and it tended to level off at about 2/3rds penetration, perhaps a little more. It will be quite some time before India and China reach the maturity of our economy, and the next phase.
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