July 12, 2005
News & Opinion: Outsourcing
Clyde Prestowitz has written a couple of seriously important books when it comes to international trade. Back many years ago, he wrote the primer on Japan and U.S. business called Trading Placescurrently out of print. He has just published a great book about China and our international trade issues called THREE BILLION NEW CAPITALISTS. I loved the book and so does Henry Blodget, who is a former securities analyst, who writes frequently for Slate and New York magazine. He reviewed the book in the Sunday July 3, 2005 New York Times. One snippet from the review: "The work is getting done faster and better, Prestowitz argues, because Indians are not only hungrier than we are, but better educated. China, India, Japan and Europe all churn out more science and engineering degrees than we do. Worse -- and downright embarrassing -- is the state of American education. Globally, our 12th-graders rank only in the 10th percentile in math (that's 10th percentile, not 10th). Our students also rank first in their assessment of their own performance: we're not only poorly prepared, we have delusions of grandeur." Check out the complete review here.