we shall ride on the chinese indian locomotives
our success formula was to be ahead of our competitors. we did that very well in the last 40s. we were lucky that our competitors were less tenacious as us. it was easy to stay ahead. can we apply the same formula to the compete with the chinese and the indians? two huge economies with equally intelligent and hardworking people? can we stay ahead of them? at the pace that they are catching up, soon we will be left behind. these are hungry people but with a will to succeed. they are as intelligent and hardworking as us, and better. they are prepared to work for less. they can do what we can do, and cheaper and faster. what do we mean by riding on their growths? can we supply them with our labour, supervisors and management? fat hope. labour and skill labour they have plenty. what we could perhaps contribute or add value to what they are doing is capital, which they will welcome at this point in time, and some senior management staff. other than these, they have no use for us. can we afford to raise the cost of our labour? if not, how are we going to improve and raise the quality of living of our people faced with such competition that we have no comparative advantage? the future looks pretty dim and gloomy. will we be returning to where we were? back to the future?