China-IBM Computer Deal Marks a New Era

From YaleGlobal: China-IBM Computer Deal Marks a New Era

In the global IT revolution, China and India join the US – leaving Europe and Japan behind

"The Chinese acquisition of IBM's faltering PC division represents a fundamental in shift the global IT industry, a new division of labor in which the successful players – the United States, China, and India – adopt a more complementary than confrontational approach. The rise of Lenovo in the international scene also helps to underline Japan and Europe's diminished role. "

"Of course, the driving technology of the globalization revolution in this century is IT. Most economic forecasts see the world economy in the next quarter-century being dominated by the US, China, and India, while Germany (and other European economies) and Japan decline. Microsoft and Dell of the US, Wipro and Infosys of India, and Lenovo and Huawei of China are the likely 21st century industrial giants comparable to 20th century global companies such as Rockefeller, Benz, and Mitsubishi."

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