Have a look at India, too, where numerous tech-talents are coming from. In my opinion, it is also a matter of Western arrogance. There is a constant preaching about how strong the Western economy is, which might be the current case, but given the preconditions in China and India, I think they might achieve even higher standards than the West. (Look at their new supercomputer.) Globalization will probably result in a greater competition and people will have to struggle more in order to make a living.