Monday, March 24, 2003
If you think Asia is simply a vast pool of cheap labor, think again.
Most major Asian economies -- Singapore, China, Hong Kong, India, South Korea -- have active and successful technology incubation programs. Here's a good review. As these technology economies develop, we will be facing additional competitive pressure on the higher end of the wage scale.
For example, China has a well-established incubation program, and the sheer size is mind-boggling. In Beijing alone, there are 68 universities and 232 research institutes in its technology zone.
Legend Computer, the largest PC producer in China, is the product of this system of business development. The Legend Group was started in 1984 by the Chinese Academy of Sciences, and it now dominates the Chinese market with a 27.7% share. Here's a profile of Legend from Wharton Business School that illustrates what we're up against.
After securing its base in China, Legend is now making plans to move into global markets.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Asia is not just low cost labor anymore
