Asian Competition: Is the Cup Half Empty--or Half Full?

Presents the author's views on what lies ahead for the United States economy and the economies of Indian and China continue to grow. Review of how three million U.S. manufacturing jobs have been lost in the past half-decade; Suggestion that six million more will be gone in the coming ten years; Growth of the U.S. merchandise trade deficit with China; Benefit of inexpensive goods and services for American consumers; Discussion of how American companies are changing their business processes so they can take advantage of cheaper foreign labor.