white collar Archives - Don Kasprzak

Latest read: Planet India

India is the second fastest growing economy in the world, second only to their Asian neighbor China. Both have embraced globalization yet are racing to secure resources as their economies, populations, markets and environments grow out of control. India has the second largest population with almost 1.5 billion citizens.

My understanding of India’s impact on the global market continues to grow after reading Planet India: How the Fastest Growing Democracy Is Transforming America and the World. Mira Kamdar’s has hilighted both positive and negative (poverty, piracy and global warming) developments in India.

I’m very impressed by India’s innovation in creating the world’s next motion picture industry. Bollywood will not compete with Hollywood in America, it will simply run it over as India’s youth overtakes America. Remember their population is growing and has acquired new-found wealth as a result of globalization. It is a safe bet their children will be interested in watching movies like American teenagers.

Tectonic Economics? Robyn Meredith has written a must read book, The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us. Take a look at Wall Street lately? Then think about oil, the environment and the post cold war shift in the global economy. Its time for business and education to take note…and fast.
Tectonic Economics is about the impact of the two fastest growing economies who have embraced capitalism AND globalization at the same time.

And by the way America and Europe have been left out of this economic growth spurt since 9/11.

Actually at the rate China and India are rising you just need to look at both countries since 9/11 to see their immediate impact.

Meredith has done a great job of helping understand these two transformations. There is no more waiting for a new generation they have arrived and instituted global change in less than a decade. For most Americans they still do not see changes occurring at this speed affecting the global economy.

Meredith makes the hard salary figures easy to understand why companies around the globe have jumped to China and India. But this will not be easy for IT professionals in America. India’s InfoSys hires computer science graduates (some also have an MBA) to be a VoIP specialist in Bangalore with an annual salary of $5,000. Yes, five grand a year for a VoIP specialist. This similar type job in California via InfoSys pays $120,000.

This should be really easy to understand why hundreds of tech companies including Cisco, Apple, IBM and HP have moved operations (some larger than others) to Bangalore. Remember you have to please your stockholders. The changes already underway (and under the radar) will continue to add stress to America’s middle class.