Watch out Silicon Valley. Chinese and Indian Entrepreneurs Are Eating America’s Lunch

…India’s and China’s successes
aren’t due to their education systems, but despite them. You’ve
probably heard of Indian outsourcing hotspots like Bangalore and
Chennai, but it’s not just call centers and software sweatshops
Americans now need to worry about: Technology entrepreneurship is
booming all over in China and India, and is beginning to innovate;
these startups will soon start competing with Silicon Valley. The
next Google could well be cooked up in a garage in Guangzhou or
Ahmedabad.

Indian and Chinese children are
very much like their counterparts in the United States —
intelligent, open-minded, and motivated to change the world. They
receive poor education on average, but many are able to rise above
that. And the United States is giving an unintended boost to these
countries by sending away highly educated skilled foreign
workers.