A funny thing happened to us at the top of the engineering food chain: The rest of the world caught up. Parts of Europe, notably Germany, have always shared top honors. Some will agree that Japan is up there too. Now China and India, also-rans for years, will have us believe that they may be ready to vie for a leadership role—and the U.S. may be responsible. As in many things, perceptions matter. In the case of China, there's a whole lot of hoopla, but it is based on some hard realities.
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