US can overcome India, China challenge: US scholar

[SpArK]

US can overcome India, China challenge: US scholar​

WASHINGTON: The emergence of India and China does not mean the end of American economic and technological power, says a new book suggesting the United States should now leverage its many advantages.

Author Adam Segal , Senior Fellow at Council on Foreign Relations (CFR), a Washington think tank, analyses Asia's technological rise in the context of India and China's continued robust growth even as the United States struggles to emerge from recession,

In his book, "Advantage: How American Innovation Can Overcome the Asian Challenge", Segal questions assumptions about the United States inevitable decline, and explains how America can preserve and improve its position in the global economy by optimising its strength of moving ideas from the lab to the marketplace.

Segal explains that Asia's growth has been fuelled by its "hardware of innovation"-growing middle classes that will eventually outstrip the spending power of Americans, a cheaper labor force, more students studying to become engineers, and increased money pouring into research and development.

However, Segal maintains the region lacks a "software of innovation"-a cultural, social, and political framework that enables and sustains new idea generation.

India's main problem, he writes, is a decrepit educational system. "A 2007 government study rated two-thirds of [India's eighteen thousand colleges and universities] and found that 90 percent of the degree-granting colleges were poor or middling quality."

To buttress his argument, Segal also cites a survey conducted by China Daily that found sixty percent of graduates with doctorates admitted they had copied someone else's work.

Through his research, Segal concludes the United States has an advantage over Asia in the realm of the software of innovation.

"In America, your ideas can make you rich. Intellectual property is protected, and individual scientists are able to exploit their breakthroughs for commercial gains," he writes.

"It is time to realise that software in its most expansive sense offers the most opportunities for the United States to ensure its competitive place in the world."

The challenge is "to recover a culture of innovation that was driven underground, overshadowed by sexy credit default swaps and easy spending."


US can overcome India, China challenge: US scholar - The Economic Times

 

[PRACTICAL PATRIOT]

nice article
the only point that is mentioned here is that quality of education is not at par in asia compared to america. but writer is forgetting that most of the talent that is working in USA is from outsiders coming to USA because or more money available there, once asian countries start offering this people same money they would no longer have to go to america leaving there motherland. and this would definately change talent equation in favour of asian countruies.

 

[majesticpankaj]

Reverse brain drain has been started mr. adam segal !!

 

[khurasaan1]

the game of US is over pplz r returning to their countries from US..cuz there is no economic stability in US anymore
US policies has destroyed itself...

 

[Abu Zolfiqar]

its stupid to even think that india will overcome the US even in the next 50 years.....india has made good strides, but the fact of the matter is a huge amount of poverty and inequality still exists (exacerbated by their hindu caste system); infrastructure is key to development and the indians are still lagging in this as a huge number of people dont even have access to sanitation; and it will be hard to progress while insurgencies and rebellion movements are still flourishing (e.g. whats happening in northeast)

hindustan has seen sustained economic growth, driven in large part by their domestic demand/consumption; but its immature to even put US and india on even remotely the same level now or in the near future

even China has been spared the nightmarish bureaucratic, paperwork after paperwork, babu culture which exists in hindustan

 

[Red Dwarf]

its stupid to even think that india will overcome the US even in the next 50 years.....india has made good strides, but the fact of the matter is a huge amount of poverty and inequality still exists (exacerbated by their hindu caste system); infrastructure is key to development and the indians are still lagging in this as a huge number of people dont even have access to sanitation; and it will be hard to progress while insurgencies and rebellion movements are still flourishing (e.g. whats happening in northeast)

hindustan has seen sustained economic growth, driven in large part by their domestic demand/consumption; but its immature to even put US and india on even remotely the same level now or in the near future

even China has been spared the nightmarish bureaucratic, paperwork after paperwork, babu culture which exists in hindustan

Military Professionals !!!.

 

[Kyusuibu Honbu]

Military Professionals !!!.

Irrespective of certain inaccuracies,what he said on the whole is right

India is still a third world.

As long as population is not controlled and the fruits of economic growth not being evenly distributed,i don't see India climbing up to be a $14 Trillion dollar economy in another 50 years.

 

[siegecrossbow]

I don't think this is that big of a deal. Even if what the guy said is true the U.S. and India could still team up and "contain the Chinese", right?

 

[Abu Zolfiqar]

Irrespective of certain inaccuracies,what he said on the whole is right

India is still a third world..

i believe the politically correct term is ''emerging market'' or ''developing country''

 

[Trisonics]

its stupid to even think that india will overcome the US even in the next 50 years.....india has made good strides, but the fact of the matter is a huge amount of poverty and inequality still exists (exacerbated by their hindu caste system); infrastructure is key to development and the indians are still lagging in this as a huge number of people dont even have access to sanitation; and it will be hard to progress while insurgencies and rebellion movements are still flourishing (e.g. whats happening in northeast)

hindustan has seen sustained economic growth, driven in large part by their domestic demand/consumption; but its immature to even put US and india on even remotely the same level now or in the near future

even China has been spared the nightmarish bureaucratic, paperwork after paperwork, babu culture which exists in hindustan

The article mainly speaks about US as the leader in technology and innovation and how India and China can be a threat. You may have gotten irritated with India being named along with US and China and may have not read the article in its entirety. However, its important to note that inspite of all you have mentioned, experts all across the world do name these countries over and over within certain contexts. However, I still cannot understand why such thoughts would be stupid considering these authors are experts and do know what they are talking about.

 

[Abu Zolfiqar]

The article mainly speaks about US as the leader in technology and innovation and how India and China can be a threat. You may have gotten irritated with India being named along with US and China and may have not read the article in its entirety. However, its important to note that inspite of all you have mentioned, experts all across the world do name these countries over and over within certain contexts. However, I still cannot understand why such thoughts would be stupid considering these authors are experts and do know what they are talking about.

I recently wrote an article about my views on what is called INCLUSIVE INNOVATION

i'll have to dig it out

as for these countries, given their sizes and populations as well as economic growth it's silly to neglect them or brush them off

so there is no need for you to needlesly question my comprehension or analysis skills.....just take what i said, or leave it. Simple as that.