| Currently doing a PhD in a STEM field in the USA. I think your points are generally right but vastly oversimplifies the situation. >1. Educated people (most former communist countries have fewer analphabets than the US) Literacy != education. In the USA, we used to talk about the 3 R's: reading, 'riting, and 'rithmetic. That's the base level. I would equate education with higher-level thought processes developed in college. Re communist countries: yes, this is where communist control can be effective, but it also stifles creative thought (are you really sure the state's education regime is correct?) >2. Tons of people Certainly helpful, when used correctly. Definitely drives the cost of labor lower, though (simple supply-demand relationship). >3. Infrastructure and clustering. To an extent, sure, but the infrastructure development is more a consequence of the large amounts of people. Also, you get more bang for the buck when you build infrastructure there because so many people now live in population centers. >4. The political will to move forward. This is the primary point I would say is wrong. We have plenty of political will in the USA. However, we also have much clearer legal separation between private and public companies. The CCP holds a very different view on how private companies should exist. We in the USA theoretically can block companies from operating in certain countries, but we choose to not do so in most cases. Liberty is much more protected in the USA, which may hurt short term but works best long term. As to your projections: >won't see this in Africa I presently agree, but no one expected China to do as well as it has 50 years ago. >India is possible but unlikely As China and India continue their border clashes, they will grow more distant. I expect the West to align with India than China, given than Indian values more closely align with the West. |
Irrelevant for many jobs. What to do with people who can not read?
"Certainly helpful, when used correctly. Definitely drives the cost of labor lower, though"
Why should this be the case? The labor is probably lower in Benin. Yet, nobody moves there.
">3. Infrastructure and clustering. To an extent, sure"
No. In fact there was a study from a business school that showed that this is the most important point about China. Clustering. All the suppliers and sub-suppliers that can work hand in hand.
">4. The political will to move forward. This is the primary point I would say is wrong. We have plenty of political will in the USA."
As a immigrant in both systems and a naturalized US citizen I tell you that this is not my impression.