Paper Summary:

The paper discusses how the world of the twenty-first century is changing at a dramatic rate. The paper goes on to look at how globalization - via such things as outsourcing and via the increased permeability of national borders - has radically transformed India from a nation with a poor labour force with relatively few avenues for prosperity into one that is on the cusp of taking firm control of many aspects of the global service sector. In particular, the paper looks at how India is preparing itself for success in this century (and thereafter) and at how Indians are now prized for their specialized skills (and are attracting a market overseas). Similarly, the paper notes how India is steadily hoarding the service sector functions of western nations. The paper looks briefly at the "racialization" of various services within the United States as talented Indians move in to do the jobs Americans are seemingly not being trained to do. The paper concludes that unless America begins to dramatically upgrade the teaching of science and technology in its schools and universities, the end of this century may well see the end of American predominance in a host of industries.

From the Paper:

"The world of the twenty-first century is changing at a dramatic rate; indeed, if a business person from the 1960s were suddenly transported to the world of 2008, he or she would undoubtedly be startled at how things have changed. Not least of all, the American pre-eminence in the world of technology - a given 40 years ago - is no longer a given; India and China are rapidly catching up and already are perceived as global hubs when it comes to software and hardware innovation and manufacturing. Beyond that, the truth of the matter is that the services sector is no longer..."

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