What Powers the Growth of China and India?
These two countries are setting the stage for the greatest period of discovery, invention, and technological change the world has ever known. PhD Jeremy Siegel wrote a column article at Yahoo finance, and expressed his look at what is driving the transformation -- growth of knowledge; historically high density of population which led to increased communication, greater specialization, and the discovery of better techniques for food production; and the new economy that encourages the access to the knowledge and accelerates discovery.
All in all, this article still falls to the old topic of "knowledge economy", yet well-written and worth reading.
Yahoo finance has the full story.