It is well known that both China and India are having tremendous growth in the field of technology among many others. Americans are currently squirming about out sourcing to Indian IT specialists and Chinese computer programmers.
Since thousands of Indians and Chinese have a tremendous knowledge of tech related subjects, how come there are not many Indian or Chinese OWNED tech companies? Instead of creating their own companies, India and China have relied on outside employers. That is exactly their downfall.
What India and China are both lacking are inventors. The Indian and Chinese have enough knowledge and experience for their governments to start encouraging inventions and company start ups.
If both governments did try to nurture inventions rather then being employed by foreign companies, there would be a huge economic climb for India and China.
It seems though, unfortunately that both nations have chosen stability over growth.
Pingback: A quick read on what China and India need - Political Hotwire