Tell it to China, which you claim "fails to realize" that manufactured goods are a cash loser.China in ten years will be where Japan is now, quite stagnant except in their tech and financial sectors. Their stock market is already in a free fall or do you follow the news at all? India will probably prosper bescause India understand the new economy: they are investing more in services and high tech than heavy industry, a proven loser.
They'll have a fully employed and aging work force making 1st world wages? Hahahaha, tell that to the 600,000,000 working for less then 20 CENTS per hour and the 1,000,000,000 (three times our whole population plus) who live in abject poverty in the country side hoping to get one of those "high-paying" jobs.