China PM Wants to Rule Global Tech With India
GrumpyDeveloper writes "As reported in this Wired story, China's prime minister said Sunday that China and India should work together to dominate the world's tech industry, bringing together Chinese hardware with Indian software.
Premiere of China and the President of India are Scientists, one a down to earth Geologist and the other a rocket shooting Space scientist!
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About the topic
Could Chinese Hardware & Indian Software be married to produce the World dominating Tech Industry? Is it a mere whimsical dream of the Chinese Premiere or is it a real workable proposition to tilt the balance of the World's technological power base? As the wise sage said "Time will tell"!
Curretly though, the traditional rivals are ready to bury the hatchet over the common border they share and also have set a target to raise the bilateral trade to $30bn by 2010 from the $13.6bn in the last fiscal. The two countried have signed a dozen agreements today, ranging from phytosanitary protocols to more open skies, and China is backing India's bid to the UN Security Council.
So for the time being, they do seem to be working together to the mutual benefit of the two Asian behemoths. Also, if the friction is diffused the world has one pair of nuclear neighbours to worry about!
-- Prem
Aiming to tweet on a rice
China has a long way to go towards enabling personal freedoms before this will work. China may have the high tech labor force but the specifications are still being written in the United States. This will not change until the centralized Chinese communist system allows decentralized freedom and entreprenuership. The Chinese system of a huge labor force and relatively few real leaders will not scale to the level of decision making and innovation that a system based on respect for dissent and personal freedom will. China needs more leaders to make this work and their current system fears that level of power sharing.
In the very short term it's great for consumers because prices are low. However, in the medium term, a slew of jobs will be deprecated in non-Indo-Chinese nations as the industries relocate. This will cause all sorts of economic and political headache as people will fight the change with tariffs, stressing the system which will then snap nastily when all local demand will vanish and companies go belly-up. Those folks who have enough foresight will work to develop new industries that provide the higher value required to support "western" wages. So, eventually things will shift again.
This is simply the economic cycle on a global scale instead of many small local ones; when any area gets an advantage, wealth shifts there for a while, but it will eventually shift somewhere else again (maybe South America? who knows...)
Savings are only great, also, if people use those savings to save and hedge against disruptions, not if they use it to buy more expensive luxury items and to improve education to better cope with change.
"There are a dozen opinions on a matter until you know the truth. Then there is only one." - CS Lewis (paraprhase)