Word: china
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...globalization, is undertaking some globalization of its own. In search of new sources of rapid growth, the country's outsourcing giants are aggressively expanding beyond their usual stomping grounds into the developing world, setting up programming centers, chasing new clients and hiring local talent from Santiago in Chile to China's far-west metropolis of Chengdu. Through geographic diversification, Indian companies hope to regain some momentum after a dismal year, at the same time becoming even tougher competitors to IBM, Accenture and other industry leaders. India's companies "clearly realize that if we want to be global players, we need...
...crisis an "inflexion point" that has jarred Bangalore into moving more quickly into markets with higher potential for economic growth. K.R. Lakshminarayana, chief strategy officer at Wipro, says that, with the West mired in "an economic reboot," his company has over the past two years opened operations centers in China, Egypt and the Philippines, while expanding others in Brazil and Romania. These markets, he says, will help Wipro achieve its primary goal: "the maintenance of velocity." (Read "Stressed Out in India's Tech Capital...
...institutions from emerging countries as they seek to professionalize their operations. A study by NASSCOM and consulting firm McKinsey figured that by 2020 about a quarter of potential IT- and business-services revenues for outsourcing firms will be generated in the so-called BRIC countries: Brazil, Russia, India and China. Although the U.S. still accounts for 60% of the export revenue of India's IT sector, emerging markets are growing faster. NASSCOM data show that the Indian IT sector's revenues from the Asia-Pacific region grew by a compounded 42% a year between the 2004 and 2008 fiscal years...
Mind you, the early part of the year is always a dumping ground for crappy movies. In January 2009 we had My Bloody Valentine, Underworld: Rise of the Lycans, Chandni Chowk to China and the implausibly popular Taken. Later this month we'll be treated to the spectacles of Jackie Chan as a babysitter in The Spy Next Door and Dwayne "The Rock" Johnson as a brutal hockey player who's forced to become The Tooth Fairy. But in February there's the new Martin Scorsese, plus a fine French thriller A Prophet and the sequel to the parkour classic...
...Though some feared the legislature's move would undermine U.S.-Taiwan ties, ultimately beef is a minor issue, says Loh. As China's economic and political clout rises, Taiwan is an important strategic ally to the U.S. "The U.S. will go easy on Ma," he says. "After all, Washington needs Taiwan to balance the mainland. I think this is what Ma is counting...