An excellent article.
I tend to disagree, although my opinion is coloured by personal experience. My company sells higher educational tools for electronics engineering. Much of business is export led to BRIC's and over the last 5 years has increased tenfold as government policy shifted.
China for example is funding a massive expansion in education with the aim of changing from the worlds factory to the worlds design house. I've seen a lot of chinese and indian unversity projects and both the quality of their design and the depth of understanding in electronics far outstrips what you find in the UK or the USA.
The general trend in higher education (in engineering disciplines at least) is firmly towards BRIC countries and I'd expect this to follow through to industry in the next 5-10 years.
I'm in CLIG as a result and - while suffering with the rest of the portfolio at present - am happy to be positioned there long term.