India: launching itself ahead of the US?
India launched it's first commercial rocket today, a major technological and entreprenuerial milestone for the world's second largest nation. I was reminded of a great post by former NDNer James Crabtree on the phenomenon that is "Chinarunindia." Read on...
Chinarunindia
by James Crabtree -- 7/21/06
It is now almost a political trope that Chinarunindia threatens American jobs. And so it does. But not in the way people often think. Case in point are the statistics people use. You see this often, of the following type...
Such statistics are part of statistics-as-metaphor. Whether or not they are true is not the point. You should treat them in the same way people say "Eskimo's have 27 words for snow" or "half the world has never made a phone call." Are these true? They might be. They probably are not. [Read for instance this superb essay by technology thinker Clay Shirky on exactly this point, examining the truth behind the second quote.] But that isn't the point. The point is that they are meant to tell you something bigger: namely that language responds to circumstance, and the technological revolution is confined to rich countries. My favourite is: "1 in 7 people is a chinese farmer." This one is actually true, with 6 billion people and 900m employed in chinese agriculture. But what it really means is nothing to do with farming. It means: holy hell! there are a lot of people in China!
The same habit crops up with the statistics politicians use to describe Chinarunindia. They are trying to make the point - quite correctly - that the world is changing fast. They want you to understand that this brief period of history when the US is the (as Rob Shaprio, our Globalization Initiative directorl likes to say) only global power with no peer since Rome, will be just that. Brief. But in the course of making this point, some real whoppers emerge. As the FT explains:
Although both countries produce millions of graduates annually, the raw numbers are a misleading metric for employable skills. China produces 600,000 university-trained engineers every year, for example, a figure often cited to illustrate the country's inexorable rise as a technology power. But a McKinsey survey of nine occupations including engineers, accountants and doctors found that fewer than one in 10 were employable by multinationals.
The rest of the piece is similarily on the money, and you should read it. It highlights something almost no one seems to understand, namely that (unbelievably) Chinarunindia are running out of workers. They aren't running out of people exactly. But because they invest so little in education, they are running out of employable workers. These labour shortages will ripple out accross the world economy in the coming years. But because politicans use these misleading stats, they miss the bigger point. It is this. Imagine how much Chinarunindia will change our economy when 9 out of 10 of their professionals are employable by multinationals? Makes you think. Have a great weekend............
- Aaron Banks's blog
- Login to post comments