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Pages 1-4

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From page 1...
... Just a few Much of the export growth has come in high technology industries, particularly software.2 decades ago, for example, Americans associated the words "Made in China" with simple, cheaply From the point of view of the United States, made manufactured goods of questionable however, the most important development in the quality and identified "Made in India" with little Chinese and Indian economies in the long term but crafts and colorful textiles. may be the strides they are making in In the past two decades, China and India developing their own domestic innovation have liberalized internal economic policy, capacities.
From page 2...
... For international firms, such as enormous populations and domestic complex legal structures in the two countries markets, deeply-rooted cultures, recent histories entail a greater reliance on legal services and of liberalizing formerly collective economies, greater regulatory risk. Both countries lack and extensive diasporas of highly trained people.
From page 3...
... , significant innovation, announced government procurement policy will especially in software, is handicapped by the be applied to favor indigenous firms over lack of a sophisticated customer base compared multinationals and foreign competitors. to those of the United States, Europe, and Israel.
From page 4...
... rapidly growing biomedical research enterprise Regardless, most participants agreed that as a to contribute to the development of new function of their sheer size and dynamism, the pharmaceuticals. Chinese economy in the near term and perhaps Energy production in China and India was the Indian economy in a somewhat longer discussed in the context of two forces -- on the timeframe will have a much more profound one hand, rapidly growing demand fueled by impact on the United States than did Japan's domestic economic growth and, on the other growth in the 1980s.

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