Policy Induced Jobless Recovery

Stephen Roach of Morgan Stanley writes an article each day on the global economic situation. Yesterday the article was titled Traction, Multipliers, and Leakages, about how the US economy is leaking jobs, especially in highly skilled areas like IT to India, with manufacturing going primarily to China. Mr. Roach calls this a policy induced recovery, not an actual economic recovery, and suggests that it may not continue. The article includes very good analysis to support his position.