Bill Thomas, Executive Director, Europe & Asia Pacific

There can be no better way of understanding the continued intensity of globalisation than attending NASSCOM.

The week of  8-12 February 2010, some 1400 professionals from all parts of the outsourcing industry attended India’s showcase outsourcing conference at NASSCOM in Mumbai.  The confidence displayed by the India-based service providers was palpable.  Many are armed with significant access to funding, have seemingly limitless access to skilled resources, innovate at a rate previously not seen, and meld all of this with an intense focus in execution.

I heard several speakers referring to the “developed economies” and I compared this with multiple delegations from the “developed nations” promoting inward investment schemes into their struggling Western European economies.

The dichotomy between these themes was astounding.  The flow of capital around the world is a flood; the tide of capability building in the East is truly tectonic.

“Developed?”  Let’s not be quite so smug…..

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