The Beginning of a Worrying Trend?
The following article from the Financial Times relates to a major fundamental trend, which will probably have some positive and negative consequences for the U.S. and Europe. All told, however, it's far from clear that the net impact for Western economies will be positive.
It is essential that we bolster the prestige of science and engineering compared to finance, law, and consulting -- just as the U.S. did in the wake of the Soviet launch of Sputnik. At that time, the stakes were strategic and military, today they are mainly economic -- yet they are vitally important nonetheless.
Europe Turns to China and India for Engineers, Financial Times, September 16, 2009 [A login may be required.]