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Technology & Innovation

Emerging and Developing

Why are developing countries now becoming hotbeds of business innovation? Perhaps it is because local companies are “dreaming bigger dreams.”

Why are developing countries that were until recently associated with cheap labor now becoming leaders in innovation? The Economist believes that it is because “local companies are dreaming bigger dreams. Driven by a mixture of ambition and fear—ambition to bestride the world stage and fear of even cheaper competitors in, say, Vietnam or Cambodia—they are relentlessly climbing up the value chain.”


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