The New Masters of Management

An interesting article about how developing countries are not only competing in terms of low cost but also creativity. Developing countries are increasingly becoming more innovative in redesigning products/processes to reduce costs.

As more R&D companies shift to developing nations, there is a fear that america might lose its edge in breakthrough ideas that can transform industries. Although this is a legitimate fear, this first mover advantage should not be over-hyped. Innovation has a contagion effect and is not a zero sum game.

What was interesting for me was the perception of fear that many Americans have toward these up and coming countries and how they might start pushing for protectionist measures which would ironically hurt in the US in the long run.