Study China's and India's Bids to Become R&D Powerhouses

[OhioChick]

Monday, Jun. 16, 2008

China and India have both established themselves as world-class competitors - not to speak of exporters - in important segments of the global economy: China in manufacturing and India in services. Both countries have climbed rapidly up the value chain in these fields. China, for example, has progressed from textiles and footwear into a huge range of technology-based products, which now account for almost one-third of the country's total exports. India, meanwhile, has evolved from maintaining legacy computer code and doing the grunt work required with Y2K compliance into a premier source of leading-edge SOA application development and business process optimization and outsourcing.

Both countries will compete increasingly with each other - and with dozens of other developed and emerging countries - to become the high-tech R&D and manufacturing back offices to the world. Both, however, recognize the need to go much further than to support the needs of Western corporations. Both are also taking big steps toward developing their own global high-tech companies and their own global high-tech brands.

http://www.centredaily.com/business/technology/story/660321.html