It's wishful thinking that China and India will stay in the lower end of the food chain. If IBM and Dell assemble computers in China, Intel would natually start to make the most technically-advanced chips in China as well [#4217515@0 -ROLIA.NET 相约加拿大网上社区 之 枫下论坛 & 枫下部落, 枫下论坛主坛 ]
It's wishful thinking that China and India will stay in the lower end of the food chain. If IBM and Dell assemble computers in China, Intel would natually start to make the most technically-advanced chips in China as well
by
omega4
(omega)
at
2008.1.26 19:36
(#4217515@0)
And then a significant part of R&D activities are also moved to China as it performs more value-added manufacturing activities. Once China and India grasp the knowledge, even the service sector jobs like IT and finance are also being outsourced there. Now some politicians in the US begin another wishful thinking: we still own most of the Fortune 500 companies even though these companies make most of their profits overseas. The problem is that these companies no longer consider themselves American companies or Japanese companies, they now consider themselves 'global' companies, and they pay their taxes and salaries to China and India and other developing countries. When this happens, they are American companies by names only.