This paper discusses Clyde Prestowitz' book, "Three Billion New Capitalists", about the history of India's booming economy.
Written in 2007; 1,110 words; 1 sources; MLA; $ 38.95
Paper Summary:
This paper explains that in his book, "Three Billion New Capitalists", Prestowitz relates how India transformed its image from a backwater economy into Asia's service-sector "tiger", just as China has become Asia's manufacturing giant. The author points out that Prestowitz attributes the origin of service outsourcing to Ross Perot, who had the idea of offering specialized IT services and to Mark Shepherd, who extended the locus of outsourcing to East Asia. The paper describes that the Indian government policies are supporting its information technology, biotech, medical tourism, hardware, financial analysis and pharmaceutical industries, which in turn, are fueling the aggressive Indian economy.
From the Paper:
"When IBM refused to share trade secrets with the domestic Indian electronics industry at the request of Prime Minister Desai, Indian techies delved into the budding world of Unix, propelling India into the future of software development and systems management. Software was heralded as having major export potential and the next few decades witnessed a blossoming of Indian software development firms including Bombay-based Infosys, founded by Narayana Murthy and Nandan M. Nilekani. India's success in IT and in the service sector can at least in part be attributed to its human resources pool."
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