Some pockets of higher education work well, notably the publicly run institutes of technology and of management, on the back of which the country's IT sector flourishes.Some private groups, such as the NIIT, a computer-education company, also produce reasonable graduates.
No one knows what might happen in the technology market in one, let alone 10, years so any choice as to who should run one of technology's leaders is incredibly touch and feel.
By the spring of 2011, JLENS advocates had secured funding for a three-year, $150-million trial run of the technology.
The case study provides not just an evolutionary economic analysis of technological change, but also deals with the long-run evolution of technology and the socio-economic system.
Of course, during the run-up of technology stocks, middle-class investors who had to settle for the more basic strategies of mutual funds were not missing much.
"As money runs out of technology stocks, it's fueling a revitalization in other areas such as health care companies, utilities and consumer stocks," he said.
During the run-up of technology stocks in 1998 and 1999, its growth funds did not keep pace with those of some of its more aggressive competitors, particularly Janus.
He likens the run-up of technology shares -- to the point where they were about 35percentt of the Standard & Poor's 500 index -- and their subsequent collapse to the doubled weighting of oil stocks and their return to earth in the late 1970's.
Today, the web still runs on technologies of the older world.
Automation: Automation crept into farming in the form of auto-steering tractors powered by GPS, but the industry still lacked simple business intelligence and workflow tools common to run-of-the-mill technology companies.
