Every type of communication is advancing at an unprecedented speed. Different forms of telecommunication such as mobile and Internet, and physical communication such as airports and container hubs, enable business practices to standardize and harmonize internationally. The Internet is the most empowering communication tool devised. As companies grow big, they can seek out extra efficiencies through disaggregation, or collaboration abroad. Supply chains have extended worldwide.
Some
strategists and statisticians believe that India will be on
a more equal footing with China, or even surpass it; and everyone
agrees that by 2020 at the latest, India and China should
have a seat at the G8 table. "Today both India and China
are seeking to consolidate their image as the offshoring destinations
of choice for Western companies by investing heavily in education
and infrastructure" and "by 2020, Asia will be the
predominant choice for any Western company wishing to offshore
production" remarks the author. China has become the
manufacturing base of the world. India has a prodigious work
ethic apart from its low labor costs.
One half of India's
1.2 billion strong population is under 25 years of age and
the education system is fast improving. In the coming decade,
India will have a higher number of talented youngsters. India
and China are developing highly educated, highly qualified
scientists and technologists, who will become leaders in research
areas from pharmaceuticals to biotechnology. With Asia becoming
the world's main source of entrepreneurial growth, it could
eventually lead to a brain drain from the West to the East.
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