At the same time, The Economist carries an article on changes among manufacturers in India (subscription site). A quote:
"An increasing number of India's old-economy firms have quietly restructured. Spurred on by the threat of foreign competition, they have discovered how to make internationally competitive goods by shedding labour, designing new products and improving management. They are cashing in on the same low labour costs and technology-astute employees that have helped India in software and outsourcing. In the process, this has given Indian firms the confidence to search out markets in developed economies and even to buy operations abroad."
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.