Globalization Essay Example | Topics and Well Written Essays - 500 words - 16

Globalization - Essay ExampleThe entrepreneurial leadership of emerging markets homogeneous china and India have greatly contributed to the changing equations. Indeed, the developing clusters of high technology business are equal to Silicon Valley. So I believe that in the next ten years, one of these clusters in mainland China and India could seriously jeopardize the status of Silicon Valley.Technology hubs in Bangalore in India and around Tsinghua University in China are fast acquiring credibility in the global market. HSBC claims that growth among emerging markets will dream up that by 2030, half of the worlds main trading nations will change what they export (2013). 20% of global R&D spending is made by China and India (Berger, 2012). Both the countries have importantly increased their R&D capabilities to deliver highly innovative products across different segment to make do in global market. These are hugely critical statistics that indicate the changing dynamics of the eco nomic advocator wielded through technology and expanding knowledge base. The technology hubs in these countries are responsible for their countries growing economic mightiness in the global market. They are rapidly increasing their database of skilled workers and professionals by developing world-class educational institutions and opening new opportunities for them to experiment with new ideas. Infosys in India and Lenovo in China are important entrepreneurial ventures that have made considerable impact on the changing map of political economy.Another real important fact is that both the countries have introduced reforms in their economies to allow foreign investment. This is big step because it helps to direct and share knowledge which further boosts their performance and gives them distinct leverage in the new scenario of shifting powers. Elliot (2006) says that the States is looking