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To: TGPTNDR who wrote (176451)1/10/2004 9:59:02 AM
From: Amy J  Respond to of 186894
 
TGPTNDER, RE: "Reminds me of a book published back in '92"

What's different this time around compared to the economy in '92:

a) No longer is the USA the largest market.
Market = Revenue = $

In 1992, int'l sales were miniscule, say 30%. Today, the USA sales are miniscule, say 30%.

Int'l sales are around 70%.

Our country no longer has the lock on the revenue source. This shift in revenue source is a very huge power shift (that only new RND inventions for the USA market could help counter, but with the # of scientists declining...)

b) RE: "you could *ALMOST* see the cogs grinding to a halt as she tried to relate it all"

On Monday, I suggested to our Product Manager, he should learn Mandarin for that extra edge, so he's always a competitive employee in the global world and is better informed on the world's largest market.

c) The supply of eng PhD's is decreasing.

The number of PhD's issued per year in physics declined 22% by 2000 from an all-time high in 1994 and Eng PhD's dropped 15% between 1996 & 2000. This drop is due to a 59% decline and 74% decline in physics & eng phd's from China, Taiwan & Korea per nsf. 55% of engineers in USA are foreign-born scientists, but hightech visas dropped by 75% between 2002 & 2001.

d) 70 industrial parks in China provided to entrepreneurs.

e) 1,000,000 eager students per year.

Regards,
Amy J