Vivek Wadhwa on Globalization and U.S. Competitiveness

When Vivek Wadhwa, a high-tech entrepreneur who has built and sold two IT companies, became executive-in-residence at Duke University's school of engineering, students asked him a question that stumped him. What courses, they asked, should they take in order to "make their jobs outsourcing-proof?" That question forced Wadhwa, who had long been involved in outsourcing, to begin researching the impact of globalization on U.S. competitiveness and the role of immigrant entrepreneurs in helping the U.S. maintain its economic edge. At the recent Wharton India Economic Forum in Philadelphia, India Knowledge@Wharton spoke with Wadhwa about his research, his own entrepreneurial journey and his brief foray into Bollywood.

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Education

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• knowledgeatwharton
• wharton
• India
• Economic
• Forum
• Vivek
• Wadhwa

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Google "Elite Asian students cheat like mad on US college applications".

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@zen5678 BTW, there are very few Japanese immigrants in Silicon valley. I know I lived and worked there for 16 years. It's ALL Indians and Chinese. The Japanese unlike India and China actually invent things (such as the CD). So stop the lies.

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@zen5678 You're probably too young to remember 1998 - when the US was booming and NASSCOM flooded the US media with stories saying "Don't worry we will help you keep your economy booming. Let us help you, etc etc". Most Amercans have short memories but I don't. Stop the lies and propaganda.

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@zen5678 Best productivity? What would that be a long list of US companies that went under at the hands of Indians including Citi, CountryWide, Sun, Bell Labs, etc? Productivity like that? You're right that is SO good for consumers - to destroy lots of jobs and cause unemployment.

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@zen5678 Cost-cutting is a sign of a company in trouble. When asked why Apple doesn't offshore software, Steve Jobs replied "That would be shortsighted - take care of your top line first - your people and your products and the bottom line will take care of itself". All the companies who cut costs and went for cheap labor are dead or dying - Sun, Bell Labs, now Mi-cro-soft. Pay peanuts, you get monkeys as the Chinese say. LOL.

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@zen5678 Look up the demographics. From 1978-1998 IT was 98% white American males. This is a fact. That ended in 1999 when delusional Asian job beggars and industrial thieves came to the US and robbed us blind. You could compete in IT before WE trained you. LOL. How quickly you are to dismiss recent history to suit your needs. The rest of the world is not catching up, only robbing.

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@zen5678 I have a business degree with a minor in economics from St. Mary's College of CA, one of the most prestigious colleges in CA. You don't. I think I know more about it than you do. I also write software for Apple and Sony and you didn't. In fact, you've probably never accomplished anything in your life. In 1998 no one in the world could compete with US in IT. From 1978-1998 IT was 98% white American males. 1950s my ass.

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@zen5678 Who cares who invented the PC and the internet? Well the whole world obviously cares. Without American inventions, the would would have nothing and you would all be eating out of mud puddles still. How do you people sleep at night knowing you live off the things stolen from other people? Pathetic. Without America the world would be back in the stone age.

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@zen5678 No, I dont make facts up - I used to work at Apple and you didn't. Apple does not have ANY software jobs in Bangalore. Google "Apple software logs out of India". How many Indian presenters did you see at this year's WWDC? ONE I think. LOL. Funny but back when everything was expensive and Americans workers were paid HIGH salaries, the US economy was BOOMING. India is nothing but a job begging thief.

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@burnstagger For a IT worker, you sure fail at basic economics. Back then, America made the best products because they had the best skilled labourers and that was 1950s not 1998. Now, the rest of the world is catching up with those skills and was able to demand lesser wages for these jobs. That is why employers will naturally go for lowest cost/best productivity and outsource. And I never "promised to help keep the US economy going" wtf are you talking about? Stop Sh!ting bullshits.