Monday, November 13, 2006

A Dragon in R&D

The face of globalization continues to evolve. First, it was low cost manufacturing from the developing nations of the world -- cheap labour, low quality. Well, the quality has improved, and so has the skills of the labour. China is now looking beyond manufacturing. What's next? Innovation. A combination of ruthless capitalism, still cheap labour, lax intellectual property protection, government encouragement and national pride is transforming China. While the masses aren't being educated to challenge the world, there's enough up and coming with a University education that have the potential to take initiative and be creative. China is rapidly changing from a country with no only a large manufacturing base, but also a growing niche in technology innovation.

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