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...NASSCOM's Gupta calls the 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...

Author: /time Magazine | Title: Outsourcers Go Global | 1/11/2010 | See Source »

...company's revenue base, decreasing the U.S. share from the current 65% to 40%, while raising the proportion coming from the Middle East, Latin America and Asia from about 12% to 20%. "The U.S. continues to grow," says S. Gopalakrishnan, CEO of Infosys, but "we can get higher growth rates in [emerging] markets...

Author: /time Magazine | Title: Outsourcers Go Global | 1/11/2010 | See Source »

...prosperity of countries depends on their success in harnessing the talents of women. There is compelling evidence that they will be the driving force behind the economic growth of the coming decades. Ignore the potential of one half of your population - and exam results seem to suggest the smarter half - and you are going to be left behind...

Author: /time Magazine | Title: The Change We Need | 1/11/2010 | See Source »

...economy is free from the threat of backsliding yet, however, and the head of Germany's federal labor agency has predicted joblessness will rise again this year. But as world trade picks up, the mighty German export machine should click into gear once more, delivering decent growth. (See pictures of the dangers of printing money in Germany...

Author: /time Magazine | Title: Angela Merkel's Moment | 1/11/2010 | See Source »

...Harry and Mary were white: Willow attracted almost nobody of color. The gurus of the megachurch explosion were church-growth consultants, who endorsed the "homogeneous unit principle": people like to worship with people who are similar to them - in age, wealth and race. Hybels, while denying intentional exclusivity, says that "in the early days, we were all young, white, affluent, college-educated suburbanites, and we all understood each other. When we reached out to our friends, it became self-reinforcing...

Author: /time Magazine | Title: Can Megachurches Bridge the Racial Divide? | 1/11/2010 | See Source »

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