China Ranks Korea as Ninth Most Powerful Nation

mike · #1 01-08-2006, 05:00 AM

This is an interesting article from the Chosun Ilbo. As long as the Chinese know who is top dog.

Quote:

Korea has been ranked the ninth most powerful nation by the Chinese government's top think tank, the Academy of Social Sciences.

The U.S. was predictably in the top spot. China came sixth, one level above Japan. The CASS released a report on Thursday which ranked countries in nine areas -- GDP, military power, diplomacy, capital strength, technological power, natural resources, human resources, government coordination and control capability, information and communication -- with the average in each field determining a country's overall rank.

Among the top 10, the U.S. came first by a long chalk with a composite national power index of 90.69, followed by the U.K. with 65.04, Russia with 63.03, France with 62, Germany with 61.93, China with 59.10, Japan with 57.84, Canada with 57.09, Korea with 53.2 and India with 50.43.

Korea ranked third in information and communication with a score of 80.88, following the U.S. and Japan, and in technological power, Korea was ahead of Canada, Russia, China and India. But in terms of natural resources, capital strength and diplomacy, Korea did no better than ninth and 10th.

I would tend to disagree. I would put India ahead of South Korea on an overall scale. If not today, in the next few years. I say this because when I need IT help, I typically find someone in India who is willing to do the work for half the price as everyone in the top 10. Additionally, they do an excellent job. Just my 2 cents. I think you will also see China move to number 2 in the next 10 Years.

Mike

cMann · #2 01-09-2006, 06:59 AM

Mike, I would disagree with you regarding India. Their only advantage is that they speak English and so it's easy for them to learn I/T. Plus they will work for next to nothing. But that's not really an I/T power.

mike · #3 01-09-2006, 07:38 AM

CMann,

I guess I am a little influenced by a recent special I saw on the BBC. They did a 1-hour special about India. From what I gather, they are comparing India to China 15 years ago.

The English advantage is huge in my opinion. It is very difficult today to do international business and not speak English. Koreans work very hard at learning English, but as a percentage of the population, Koreans do not speak English well.

I will admit I am not very informed on India, but from my experience, India gets a lot of IT work that normally would go to America or England.

The major problem India will have is with their growing poverty. I have read estimates where people predict India passing China as the most populace country in the world in about 30 years. This is bad news as most of the population is poor.

Mike

eddiev9 · #4 01-09-2006, 08:59 AM

Not quite sure if I'm speaking in the same sheet of music as you all, but as for IT between India and Korea, it's not the English that is the advantage or disadvantage, IMO. I believe Korea just evolved ahead in the IT field. Korea used to do the dirty work before and for less money (like India does in this case)...and back then they were awesome at it. Then they worked themselves up a level in the IT corporate world (became the managers). Now due to their upper level status they charge more and due to their lack of 'dirty work' experience, they suck at it.

Am I making any sense?

cMann · #5 01-09-2006, 09:47 AM

Nope, you don't make any sense. Korea never did get any work for software development. Korea's strength is and has always been hardware, not software. We are comparing apples with oranges. You're right Mike, India does get lot of outsourced work that require lower end computing work. For instance, if you call Dell for tech support, the first place where you'll be hooked up is in India's level 1 call center. If you require higher level 2 technical assistance, you'll be reconnected back to the US call center.

I highly doubt that the outsourced trend will continue though. There are growing questions of quality due to outsourcing. Do you know of at least one Indian company that could be comparable to Microsoft or even Samsung? I don't. They very maybe an I/T power when they start creating their own software (not outsourcing) and/or hardware, but as of now, they are not an I/T power yet.

eddiev9 · #6 01-09-2006, 10:16 AM

Yeah you're right. Korea's all about hardware. I was just looking at the small world here and the support level stuff.

mike · #7 01-09-2006, 11:26 AM

cMann,

Good points. India is good at working with basic questions and solution. Honestly, I don't know of any innovative, world class Indian IT businesses like Microsoft.

I have read that the Indian stock market has performed very well over the last few years. If this continues, they may get a huge influx of investment and eventually produce some large companies. India is still much lower than China as far as foreign investment though.

cMann, do you invest in any foreign companies? Just curious. I did own stock in Sony and China Mobile a few years back. I am considering investing is South Korea, India, and China as my international exposures.

Mike

shsong21 · #8 01-09-2006, 03:55 PM

Quote:

Originally Posted by cMann

Mike, I would disagree with you regarding India. Their only advantage is that they speak English and so it's easy for them to learn I/T. Plus they will work for next to nothing. But that's not really an I/T power.

I quite agree with you.

IT power is Korea best.

but Korean is well not speaking English.

By the way, man ! Where is come from ?

mike · #9 01-09-2006, 04:08 PM

shsong21,

I keep trying to go to your page, but it always goes to the Cyworld main page.

Please invite some of your Korean friends to the forum! I would love to discuss some topics with them. Also, they can practice their English!

Mike

shsong21 · #10 01-09-2006, 05:06 PM

Quote:

Originally Posted by mike

cMann,

Good points. India is good at working with basic questions and solution. Honestly, I don't know of any innovative, world class Indian IT businesses like Microsoft.

I have read that the Indian stock market has performed very well over the last few years. If this continues, they may get a huge influx of investment and eventually produce some large companies. India is still much lower than China as far as foreign investment though.

cMann, do you invest in any foreign companies? Just curious. I did own stock in Sony and China Mobile a few years back. I am considering investing is South Korea, India, and China as my international exposures.

Mike

Good ! Mike....
South Korea have upside potential.
By the way, what's the international exposures ?

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