China and India Are Beating Us At Our Own Game

John Doggett, senior lecturer in management, McCombs School of Business, The University of Texas at Austin, warns us to be careful what we wish for and not to make assumptions. His history lesson explains that after WWII, much of Europe and Asias infrastructure and industrial production capacity was destroyed. For a short time after, the U.S. was the only source for manufacturing. For the next 50 years, we assumed that developing countries would always be poor struggling economies, incapable of producing innovative products that could compete with us. We were wrong.