Investments in India, a hit on the mind of an American

This is with reference to the speech of our PM, Mr. Manmohan Singh, that more investments will create more jobs in India. This had been realised at the right time during the liberalisation of the 90s when the regulations were reduced to a large extent and also the FERA was replaced by FEMA. With the advent and rapid development of technology, our service sector has recieved a jack especially the BPO and the KPO sector. The rapid growth of technology and globalisation has threatened the people living the so-called American Dream. A person sitting in a US classroom has to compete with his Indian counterpart whose opportunity cost is very less comparitively. There used to be a famous saying earlier that an American Mom asks her kids to finish their food else it'll be taken by an Indian kid and now the saying has been modified to the mom asking her kids to do thier homework well else their job may be taken by an Indian. This fear has been created by the shortening of the bounderies due to technology. The out-sourcing industry has been successful not only due to the availability of the cheap labour but also a talented work-force. The adaptable nature of Indians is also a factor for the success of the out-sourcing industry.
An average Indian is more adaptable to the changing circumstances than his American counterpart. The possible reason for this is that our system exposes us to more difficulties than the Americans who live a smooth life without having to suffer much. Now that the US is fearing the much hyped recession starting with the buzzword 'Subprime', the Americans appear to have exagerated the situation. The drastic fall in the property prices is likely due to the tendency of an American to over-react to a situation. This tendency of the Americans to over-react can observed at all places across the US, be it be a pub, a sub-way or a simple public street. They react so much to the numbers that even a small rise in the tempeature can cause a huge debate among unknown persons. The price of gas is a much bigger issue and a rise of a few cents can reduce the traffic on an American street substantially. This is not a case with with Indians, though they pay much higher and have a much low earning capacity. An average Indian will react only when provoked by people having political considerations.
But the reaction of the Indians does'nt make as much difference as that of an American does. This can be observed by the reaction of our stock markets which fluctuate rapidly at the actions or perhaps the reactions across seas. Now, that the Americans have reacted and left an impact on our economy, we are likely to recover at a faster pace as the problems for US are huge which include the existing problems as well as the behavioural problems. Now that prices of oil are receeding after touching sky-highs most-likely owing to speculation, the Americans appear to have heaved a sigh of relief. But at the threat of oil being traded in euros at the global level, the reaction of the Americans is something to be observed.