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...This shift is being driven by a global economy in which the U.S. is no longer the undisputed engine of growth. India's IT powers, among them companies like TCS, Infosys Technologies and Wipro, rose to prominence largely on the decisions made by American executives, who were quick to capitalize on the cost savings to be gained by outsourcing noncore operations, such as systems programming and call centers, to specialists overseas. Focusing on the U.S. produced some spectacular results. Revenues in India's IT sector surged from $4 billion in 1998 to $59 billion in the country's fiscal year...
...being overcome. Since opening its first emerging-markets operations centers in China and Uruguay in 2002, TCS's annual revenues from Latin America, the Middle East and the Asia-Pacific region have surged from $160 million to $1.2 billion, or about 20% of total sales. "The investments we've made in emerging markets have all reached a critical size," says TCS's Chandrasekaran. TCS discovered that its expansion has opened up new opportunities to lure business from international clients. After struggling to convince Spanish companies to outsource to India, TCS found them much more comfortable outsourcing to the firm...
...Helmut Kohl just one year later. He called her das Mädchen, "the girl." She was used to sexism. "There was no real equality in the German Democratic Republic," she says. "There were no female industrialists or members of the politburo." So she smiled her feline smile and made no protest but quickly distanced herself from her patronizing patron once he became entangled in a party finance scandal. (Read: 'Much Work' Ahead for German Chancellor Merkel...
...attitudes may have annoyed traditionalists, but her quiet determination has helped her gain broad support well beyond the Christian Democrats' core voters. Even among those who identify themselves as Social Democrats, Merkel's unstuffy pragmatism, social liberalism and commitment to fighting climate change - a key issue in Germany - have made her surprisingly popular. A December poll by Germany's Infratest Dimap Institute showed Merkel was Germany's favorite politician, with 70% of Germans proclaiming themselves satisfied with her work...
...confidence, there are profound international challenges ahead. Some sense of Merkel's priorities can be gleaned from her Nov. 3 speech to Congress. (She is only the second German Chancellor accorded the honor.) The speech, with its heartfelt and moving thanks and tributes to the U.S., could have been made only by someone who grew up in a Soviet satellite state. Throughout, it was easy to see how her past had shaped her view of the world. There should be, she said, "zero tolerance towards all those who show no respect for the inalienable rights of the individual...