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Matt, if really want to do a better comparison, okay lets get technical.....
You wanted to compare America, China and India, Rite?|
Okay lets do it.
Land: China 1.5 person/hectare, America 0.25 person/hectare, India 3.0 person/hectare.
Water resources: liters/person ?????
Energy resources: coal, oil, gas, hydro, nuclear, biomass????
Consumption of steel, non ferrous, etc.
Financial markets to create the "money" to buy the commodity.
The Driver of consumption - urbanization, automotive, travel km/year/person.......
Legal system to protect the wealth of the individual, legal system to allow the liquidity of the assets accumulated by the individual.
Ability of the state to mint money, get it used, and reinvested back into your own nation....ie. Rmb needs to be used to purchase raw materials, the money would return back as investment in China.....so how is lifestyle and popular culture...
language and ability to connect with major industrial, commodity, financial power houses in the world...ie. Mandarin, Cantonese, English, French, German, Spanish......
Trained manpower and companies that can utilize those manpower (it is useless to have 1.0 million engineers when you can only employ 1/3 of them..)
the market footprint - to buy the higher value products....
I still say, MAJOR IMPEDIMENTS detected....(no market for the engineers?....ah America is organizing the world to solve the problem, getting the indians to become software engineers, man the call center, do the back office work for 1/10 that in America?) - a US$300 billion industry ......or 30 million Indian graduates to be the driven of the Indian economy...yeah.....ie. 1/2 of the trained cream in IT...mmmmm Yoda is interested in American plans....
If you look at World bank ranking, China is no.3, Europe Union no.1, United States No.2.....India is no.6 or 7?