China and India Are Beating Us At Our Own Game

John Doggett, senior lecturer in management, McCombs School of Business, The University of Texas at Austin, warns us to be careful what we wish for and not to make assumptions. His history lesson explains that after WWII, much of Europe and Asias infrastructure and industrial production capacity was destroyed. For a short time after, the U.S. was the only source for manufacturing. For the next 50 years, we assumed that developing countries would always be poor struggling economies, incapable of producing innovative products that could compete with us. We were wrong.
During the Cold War, we evangelized about capitalism and free market economies. In the mid 80s, CNN and satellite communications made it easy for the rest of the world to see that our standard of living was better than communist or socialist countries. We are in a race with countries that have bought into our value system and theyre playing by our rule book at a time when were tearing our rule book up.

[@mohan02]

India and China were once the richest countries in the world. So I guess what goes around has to come around.

[@aalokjoshi6839]

#reversaloffortune

[@souradiptaghosh1641]

mohan yah.... history repeats itself....India next superpower...within 2025

[@exposedman7753]

Thats karma..indian philosophy

[@knight207]

Nice one bitch

[@tenminutetokyo2643]

More lies and propaganda.

[@SwadeshiBakchod]

If India and China start playing this game together instead of trying to stop each other...THEN THE ASIANS WILL RULE THE WORLD AGAIN!

[@kpopdrama9025]

Yeah that's right but it not going to happen

[@hdmovieclips458]

competition with each other will make both of them better

[@tenminutetokyo2643]

Sure now that you've stolen all the western industries. Bank robbers are successful too.

[@jeisytudu3477]

@Probal Halder exactly people are good in both countries. The govt is fucked

[@jeisytudu3477]

@Probal Halder yup .

[@Jacobstphn]

First they ignore you, Then they laugh at you, Then they fight you, Then you win. -Mahatma Gandhi

[@ashvina8244]

wow

[@JaikratSinghTariyal]

China and India are not little countries Professor :)

[@unwind050]

Rjesh RJ How? Is it geographically,demographically, economically or in terms of defense, or maybe technologically. How can you call world's 2 most populous nations of the world , geographically bigger in top 10, economically stronger , technologically advanced, more disciplined than US & Europe , demographically diverse nations little? Or may be you were comparing in terms of Porn produced, drugs consumed, racist hatred, jobs lost, economic catastrophes, mounting crimes!

[@dulbora1977]

Rjesh RJ indi nd china r not smaller...read geography frst..then comment....their size in top of the wrld...

[@Myfavesonglist]

The professor is being facetious. He certainly knows the size of these Asian giants. It's the self-obsessed American public that has never looked over the Eastern horizon beyond Europe.

[@genova4485]

@@rajeshrj3867 China is larger than Europe dude

[@LOL-em6kl]

@@rajeshrj3867 keep updated! XD

[@atalkurup1528]

Brazil is four times India. China still larger than that. And India is itself so huge and gigantic. Little countries!?

[@akshajchandwani2376]

Tujhe kuch nahi atta hai Brazil is almost 2 of us not 4 times

[@r.a.6459]

Compared to China🇨🇳 and India🇮🇳, Brazil🇧🇷 is nothing. Area 🇧🇷1:3🇮🇳 and population 🇧🇷1:8🇮🇳. And 🇨🇳 is still bigger.

[@innotech001]

Dear professor, China is the 3rd largest country by area and India is the 7th largest... How could these countries be little countries? Didn't do your homework?

[@secular_banda2863]

That's why they r dependent on India and China.....a 50 -60 year old professor doesn't know the facts what will he teach to students

[@manojjchahar]

secular_banda innotech001 he just came out of the caves.So what do we expect from a guy like this...nothing.

[@vishaltiwari6858]

he is being sarcastic.........

[@crazydrifter13]

Its just a way of saying..little car...little bla blah. Its just sth people say randomly. Lidle means nothing when said that way in that tone.

[@anilkelkar3257]

innotech001 It was just a figure of speech. Not to be taken literally. He's looking for emphasis through irony.

[@prakharsinha144]

"two little countries" haha 😂 LOL

[@metalspree]

I failed to understand the headline of the topic - "Our own game ?" Please clear the Debts ASAP before another war. People are not dumb anymore.

[@metalspree]

Also to make lives better, US believes in waging a war. It's high time we consider scientists & Carl Sagon as gods & help the ideology of the Zietgiest movement. -- After all I'm just an open source developer from Bangalore (India).

[@69MrBunny]

He starts by saying 2 little countries India & China lol and this is a professor in the us, now imagine how intelligent a American peasant is lol I rest my case.

[@ashwinvk4124]

It was sarcasm

[@sunilthakore5715]

Unfortunately the US education does not teach much of international history or even it's own national history that it is not comfortable with hence the lack of knowledge of other countries. It is a shame though that even a University lecturer cannot go further than the the world wars to understand business and trade, nor the ideas of CNN being the major news focus of the world. CNN is not watched throughout the world, and pre the world wars their was a history that would astound you. India and China were never developing countries, they were emerging economies. India was one of the richest countries in the world, and, since ancient times was known as the golden bird.Britain's economy was created through Indian money, so much that they created the poverty you see India suffered. India although rich never invaded another country but created it's wealth by knowledge and innovation. The numbers you use, calculus, pye, physics, philosophy, .manufacturing, agriculture, sciences, medicines, plastic surgery, navigation (ancient Sanskrit Navgarth), they even had time to invent games like chess and snakes and ladder, and even the card games you know now.That was India not the poverty stricken nation that Britain stole from. However as you see, Indians believe in Karma, and yes, yet again Britain comes knocking on the door to trade. True Karma, India will regain it's position it held for thousands of years in less than the short time Britain looted us and became the nation it is now.

[@haleemasadiya3033]

I hope world will make sure Britain pays off for its deed of holding the crown of racial discrimination. It's founder. Britain must pay its price for killing the Africans, Indians,......Asians for the color.

[@haleemasadiya3033]

Anyway, It's too late for all this. But the world must never forget what west has done to them.

[@rajeevkumar-cn8kx]

India has the largest area of irrigable land in the world

[@santhoshreddy4817]

Yes.

[@azzym312]

+sailesh kapair Agricultural productivity? Abysmal !

[@kabir3496]

Azzy do check india agricultural production. Please.

[@atalkurup1528]

Ritesh Kumar Productivity is not the only factor. Yield? Countries like Japan have lower production but one of the highest yield. Our country needs to improve on yield.

[@bhaskarjyotiborah5357]

The fuck is irrigable land. You meant arable?

[@ajx9747]

by what measure they look like 2 small countries

[@r.a.6459]

I think it's GDP per capita.

[@tania2020tania]

Two little country!!! China is larger than USA and India is 7th largest country!!!

[@shaistakauser8775]

Tania Majumdar I think I just found what I was looking for, we need to talk :)

[@TameTusker]

Tania Majumdar China is SLIGHTLY smaller than the US?:)

[@arikanAX]

china and india....5 letters each...seems little compared to united states of America. .... silly logic isnt it....well so is what u r saying. ...he meant power n economy. ...certainly were small in that aspect bk then .... since he is speaking english maybe u should understand how it works b4 poking at it....

[@mlsi]

+TameTusker Silly check. if you count just by land mass, china is bigger. for some reason, only the US's area includes the water around it. check and you'd know i'm not BS-ing.

[@souradiptaghosh1641]

Tania Majumdar ekobingso sotabdi Bharot er.....

[@anubhavpandey2899]

India and China? Small countries?

[@Adv_Aks_CHARVAKA]

India was so much rich in ancient times ..... India was also known as golden bird in ancient times

[@byungpark5263]

LOL 2 little countries which represent 40% of worlds population. Blackie teaching the world.

[@Pravishrajan]

***** well Do not be racist just hate every one equally

[@redlinethin]

well u two have no clue about sarcasm, because this guy made a joke, u just didnt get it.

[@cross4326]

Lol

[@dr.vishalmbant1036]

Professor, Can you explain me what do you mean by saying TWO LITTLE COUNTRIES? I can not understand this. thank you in advance.

[@antrikx7076]

The guy must have been a Christian Faith preacher before, that's the way they all speak.

[@houser2094]

Where's pt2??

[@karma10pa]

This guys fun and interesting !!!! wish my school lecturers/teachers were like him...!!!!

[@rakeshpillai8564]

lets all work and the best COUNTRY WIN!!!!!!!!!!JAI HIND!!!!!!!!!!!

[@chandra11116]

very engaging, informative and entertaining :)

[@terenfro1975]

Secondly, from what I hear from my friends that are in charge of projects and what I see personally is that our Hiring Departments are failing us. Time after times I hear friends complain that they hand pick a resume only to have HR give them someone else. Evenly their projects become loaded with unqualified candidates who for them most part are there because of some sort of family relationship. One friend of mine has changed jobs twice because of this. Hiring needs to be rethought.

[@fhbdgh129]

Why are you so serious we got indipendence just 70 years ago . And you are compering India with USA . It's just a beginning . Soon India will become superpower .

[@devduttjha]

His way of teaching was real awesome i wish i have a teacher like him.................

[@nukulgoyal]

yeah I do agree with you on this

[@johnsnow007]

Professor what do you think about Little country North Korea ?

[@priyamshukla8670]

At 0.56.. Wait what you said... 2 little country???

[@quaintdeliveries247]

This looks like a great talk....and it acknowledges something that I feel about western millennials....they've grown up 'assuming' they're the greatest, richest, most innovative....yet...the lives that they will experience will be different from what they had assumed growing up....there will be tremendous competition....and this idea that they were more intelligent was an assumption....they weren't more intelligent...they were more murderous and destructive...220 years with war out of 240 years of independence....that's america......and now in the era of nukes..that's out of window....western millennials are going to have it pretty hard...

[@Photon98]

@113gsp Great point with simple sentence !! Slowly we are copying them too..

[@prashanthb6521]

So what if he is black he is lot more intelligent than the commentators are.

[@zodiacastro1]

good video.

[@sourishsaha8067]

Remember this was 11 yrs ago

[@nukulgoyal]

I agree that it is better to plan for a decrease rather than depending upon an increase. But I am very confident that NRI remittances will remain a significant portion in GDP for a longer time frame. From what I have seen more and more people are going overseas for jobs or business and they will continue to send money back.

[@nukulgoyal]

2011 remittances were about 3.7% of Gdp and I do agree about multiplier effect. And please be very clear that I am not discounting NRI's value in India growth. My point is India is a developing country and at this point it requires any source of income it can get. In India NRI contribution is higher than global average that is helping India but it is also true that the chances of this average coming down is less as more Indians become mobile there will be more remittances to keep pace with gdp.

[@pagola]

@daarkmatter what about egypt and africa

[@Normacly]

@Normacly I meant to typed "sort of traditional".

[@aroopkundu1153]

The fact that there are more Indians commending here than Americans tells you something

[@terapeo2027]

Aryabhatta is sometimes called the "Father of Algebra" instead of al-Khowârizmi (who himself cites the work of Aryabhatta). His most famous accomplishment in mathematics was the Aryabhatta Algorithm (connected to continued fractions) for solving Diophantine equations. Aryabhatta made several important discoveries in astronomy; for example, his estimate of the Earth's circumference was more accurate than any achieved in ancient Greece.

[@kirtigupta9753]

What the west forgets easily is that, Indian followed by Chona were the No. 1 & No. 2 economies of the world for the last 2000 years barring the last 150 years.

[@DeepakPawndU]

@juscurious The competition... the level of competition that an average man faces to reach to the top is easily 10 to 20 times more that what he would have to face in a country like Switzerland, an average man in India for example knows more than 3 languages ... including English.

[@Shawn199816]

Well he told us so

[@diesel2x]

2 little countries ---> he is being sarcastic..

[@nukulgoyal]

yeah sorry about that...just a habit. And it is really nice to know that you are trying to do something at your level. If everyone does something things will get only better.

[@terapeo2027]

@burnstagger I am going to visit india next month actually. The aim is to learn about ancient indian mathematics - the very basis of todays mathematics. The earliest works on triganometry, calculus, integers, decimals, the vaue of pie, concept of zero etc.. What Einstein called the indian basis of all modern science and mathematics.

[@inception69ify]

If that is definition of intelligence,that is not what you need,Intelligence should be being impactful & creating a vision where the society embraces the idea.It is like what lee kuan yew did for singapore,he is my all time favorite.He was a very smart guy who integrated his country very well carrying many ethnicities to his goal for his country & raised his country men's percapita income by 2000% in just 20 years.

[@luistpuig]

Productivity is a result of Efficiency, and not energy efficiency like some are talking right now, but COMPLETE Efficiency...if you don't know the Baselines of your business how can you improve it?... if your Equipment isn't kept and operated properly how can you depend on it?...if your organization has no effective worker’s communication & training how can you get people to do the right things?...get it? Process, Equipment, Personnel, the core elements... get the Industrial Efficiency Triangle.

[@terapeo2027]

Jean-Claude Bailly (1736-93) 18th century French astronomer and politician. His works on astronomy and on the history of science (notably the Essai sur la théorie des satellites de Jupiter) were distinguished both for scientific interest and literary elegance and earned him membership in the French Academy, the Academy of Sciences, and the Academy of Inscriptions. Bailly had already noticed that:

[@mytubeworldmayhem]

We never can have a true view of man unless we have a love for him. Civilization must be judged and prized, not by the amount of power it has developed, but by how much it has evolved and given expression to, by its laws and institutions, the love of humanity.

[@Misterdesibhai]

I wish I could be as confident as you that NRI remittances will continue to grow. What I've seen overseas is that Indians settled down in Europe and North America are increasingly investing locally. The Gulf countries are trying to reduce their "guest worker" population. Better to plan for a decrease than to depend on an increase.

[@Abhishek-qv8zd]

how wrong have these assumptions out to be

[@armourdude1]

@BonhommeHero You did not understand correctly. He was making a point that at one time in the past that american business thought of India and China as little countires not in population but little in the way of economic growth, he never says that China or Inda were incapable, he even states that they represent 40% or the world population.

[@inception69ify]

What is chinese household savings absolute number & median income,When you calculate indian income the focus should be of some states like WB,MP,Bihar,UP who pull down national averages.If they are excluded & then recalced the stats throw a different direction over 10,20 years time frame of rapid progress realized.

[@billaroyamaha2]

@BonhommeHero Jesus,, he's talking in terms of the Kyoto protocol. He's saying that they are big countries and the protocol was wrong.

[@ragzneo1]

I am an indian!He is teaching well and certainly not making the class boring!

[@pankajphukan2310]

sombody please teach this guy some maths.....

[@vuotopiuscuro]

U don't wake up a dragon without expecting any conseq.ences

[@terapeo2027]

His "Chakravala method," an early application of mathematical induction to solve 2nd-order equations, has been called "the finest thing achieved in the theory of numbers before Lagrange" (although a similar statement was made about one of Fibonacci's theorems). (Earlier Hindus, including Brahmagupta, contributed to this method.) In several ways he anticipated calculus: he used Rolle's Theorem; he may have been first to use the fact that dsin x = cos x · Website: GMOT

[@Rahulrose619]

Little Countries 😲 damn geography!!

[@jigyeshshah4533]

I am actually laughing at people mad about "little countrys"... maybe someone needs to teach people the meaning of metaphor... 😂😂😂😂

[@nukulgoyal]

I still stand by my " pure business basis". It was said in context that american corporation are not doing any charity by investing in India but have benefit in these investment and any transaction which is done for your own benefit is on business basis. My simple point was that it is not american investments which shape India's growth story(good or bad). You yourself has said stated this fact in this post.

[@nukulgoyal]

Dear if you do not mind terribly, can I ask which country are you from.

[@nukulgoyal]

Meanwhile there is one thing I would like to add. I do believe that there is a parralel black economy in the country which maybe equal to current Indian economy. If govt. could by anyway curb that and change that economy into white, I am pretty sure that it will reap rich benefits for India. I personallyknow some people who are trying to do that. Most of my friends belonging to business families are trying to make their business fully in white. I believe this will help a lot.

[@nukulgoyal]

In my opinion concealing money is rooted deep within people as well. There are many instances of people asking goods without bill or faking expenses. Real estate is one major thing but in that to like in our city, builders are selling on bill but then there is still black done by people on premium in secondary market. For country, both govt. and people should change their mindset. I do believe that if govt rationalises tax rates, then more people will be willing to pay full amount via banks.

[@Misterdesibhai]

External debt has to be serviced with international currency, regardless of the percentage of GDP that it is. India does not generate enough through exports alone to service its external debt after paying for imports. It doesn't earn enough in exports to pay for imports, let alone service debt. Debt servicing is accomplished via remittances, FDI and restructuring of debt. In the long term, without massively boosting exports and tightly controlling imports/outflows, it is a zero sum game.

[@optimusprime5199]

Guys, he was being sarcastic, when he said, little countries.

[@terapeo2027]

Professor H. G. Rawlinson writes: " It is more likely that Pythagoras was influenced by India than by Egypt. Almost all the theories, religions, philosophical and mathematical taught by the Pythagoreans, were known in India in the sixth century B.C., and the Pythagoreans, "It seems that the so-called Pythagorean theorem of the quadrature of the hypotenuse was already known to the Indians in the older Vedic times, and thus before Pythagoras (ibid). (Legacy of India 1937, p. 5).

[@ralphzaeger44]

Student: mom i want to become a rapper American moms:honey do what you like i want u to be happy Indian moms:you doctor,you engineer or YOU FAILURE

[@arjavgarg5801]

I thought sip was Systematic Investment Plan........

[@souravsadhu5914]

ARJAV GARG same here 😂😂😂

[@rishimetawala]

and i dont mean to say conditions are good either.

[@nukulgoyal]

Yes India is to big to be a new japan but at present because of large indigenous population, India can continue growing internally with its own population serving as its growth engine which has been evident from what India has achieved till now. Maintaining a growth rate of 6+ should not be a very big problem for India and with right policies it can continue to be growing at a healthy rate.

[@terapeo2027]

Georges Ifrah - French historian of Mathematics and author of the book, The Universal History of Numbers "The Indian mind has always had for calculations and the handling of numbers an extraordinary inclination, ease and power, such as no other civilization in history ever possessed to the same degree. So much so that Indian culture regarded the science of numbers..A thousand years ahead of Europeans, Indian savants knew that the zero and infinity were mutually inverse notions."

[@terapeo2027]

Pythagoras's theorem discovered in India in 800 BC according to renowned historian Dick Teresi. author and coauthor of several books about science and technology, including The God Particle. He is cofounder of Omni magazine and has written for Discover, The New York Times Magazine, and The Atlantic Monthly.

[@io007a]

for a developing country that debt is high ,but it shouldn't be a problem that big, i think if we are talking problems in india is overpopulation, pop per square kilometer ,that means few resources for the future development and so huge imports of raw materials if india will ever develop,were are those going to come from? what will india trade with? when you have a density like japan you need to be a technology hub ,to give high quality goods for raw materials, india is to big to be a new japan.

[@3abhisheksrivastava]

did he said 2 little countries !

[@abhaypratapsingh2637]

Once India was the richest country and Christopher Columbus went to find 'India' not 'America'.

[@nukulgoyal]

About american corporation coming along with US govt. delegations is because they want better deals. Ofcourse it is true but there is only one major instance of this. Nevertheless this is beneficial to both parties as both can dictate there terms and corporation have clarity amongst themselves as government is kept in the loop so any issue which requires government clearance or a policy change could be if possible dealt there itself. This is a norm and many govt. including India do this.

[@rishmatic]

lol you can call it skilled labor!

[@hindurashtra63]

I think he means Little as "Insignificant" to World Economy, Relative to the past 2 Centuries..

[@kartikhbd]

i am an indian and the statement about two little countries weren't made in a demeaning context. He was just drawing up his audience.

[@aarambh3616]

India is a 10,000+ year old civilization when your country was living in stone age or what.

[@archsword5294]

remember the American girl who said 'I thought Europe is a country', 'hungry? that's a country?', that was quite epic though.

[@jhaokip23]

little countries?...seriously?!

[@devrajvarma]

As I turn something around 35 and I'll be 100% ready 4 the astronautic of space engineering, IIAE Dehradun. It is cleared that Indian education systems has no match(hardest perhaps the best)My friends who got them self graduated says that they are jobless due to the lack of in depthness in their science and it was a long on-going discussing about that issue and it is not letting them to join the IIAE. I don't say all but some like U.S.' education system proved that its not stronger as Russia,etc

[@terapeo2027]

Aryabhata continued....He was among the ancient scholars who realized the Earth rotated daily on an axis; claims that he also espoused heliocentric orbits are controversial, but may be confirmed by the writings of al-Biruni. Aryabhatta is said to have introduced the constant e. He used π ≈ 3.1416; it is unclear whether he discovered this independently or borrowed it from Liu Hui of China. Among theorems first discovered by Aryabhatta is the famous identity Σ (k3) = (Σ k)2

[@nukulgoyal]

Yeah I agree pop/sq km is a concern in India but it is showing signs of slowing down and may be becoming flat by 2060(estimated in various journals). So by then we have to manage growing population in which govt. is doing a good job. After that atleast we will not be concerend by increase in population so govt. can concentrate more on welfare and forming polcies which will be much more effective than what they are at present.

[@SRT480]

@ifansport not really a winning arguement for our side.

[@kingpanthom]

he said it sarcastically, the next he said, they represent 40% of the world population.

[@rigil007]

@Jimmyretired india has vast cultural diversity as well as history

[@inception69ify]

I am sure you are a very well read chinese, over 5 years your shanghai composite has added how much down 35% or up 50%.You know the government can get things wrong,everybody can get things wrong but the markets will never get things wrong as all efficient players assess & put a measure what potentially things need to be measured.

[@terapeo2027]

@burnstagger Google is your best friend. Take a look at a website called the Greatest Mathematicians of all time. BTW, this year is the 125th birth anniversary of indian mathematician Ramunajan who discovered "Infinity" you will see a hollywood film called " The man who knew infinity" coming sooon. Hope you will watch it.

[@terapeo2027]

According to Voltaire, "The Greeks, before the time of Pythagoras, traveled into India for instruction. The signs of the seven planets and of the seven metals are still almost all over the earth, such as the Indians invented: the Arabians were obliged to adopt their cyphers."

[@kishore369]

USA is a 300 year old country . India and China are 5000 years old countries .

[@Adv_Aks_CHARVAKA]

During 16 th century India and China combined .... contribute to 70% of world gdp With India nearly 45% contributeing in it.... It's real fact.......

[@jaymorpheus11]

he knows

[@k.i.l.l.7935]

duh.

[@Misterdesibhai]

I'm an Indian living and working in India. I have work experience from overseas as well. Trying to incorporate that experience to improve things here. Btw, I'm a guy, so if you are a guy too, "Dear" is not appropriate! Not trying to be a douche, but it just seems weird! :)

[@Misterdesibhai]

2011 remittances were about $70 billion, or around 5% of GDP. NRI remittances come in with no strings, i.e, they are not repatriable and they are not payment for goods. There is a multiplier effect which is generally placed at around 4 times. So about $280 billion in GDP is generated through NRI remittances. In a 1500 billion economy, that is quite critical. Japan, South Korea, China, Taiwan, etc. also have huge oil import bills. Gold is not an essential import, but an Indian obsession.

[@RaghavSkywalker]

I'm sure he used the word "little" sarcastically ....

[@MYDBAC]

India is beating us at cricket now too

[@ShinAkuma]

haha . I don't know how this guy graduated without geography :P