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Outsourcing News : Article

Innovation In Global Hot Spots

As innovation is the driving factor behind how global locations become hotspots

As innovation is the driving factor behind how global locations become hotspots, some countries choose to offer their new technology to the rest of the world while others keep it close to home.

How a country chooses to market its innovation efforts depends on the nature of its government style. "Eastern Europe is modeling itself after the U.S. model of entrepreneurial innovation. They want to provide value-added products and processes and then export them to the rest of the world," explains Mark Minevich, CEO of Going Global Ventures Inc.

On the other side of the philosophical divide are Russia and the Ukraine which are trying to emulate Singapore's model, says Minevich. Singapore uses a centralized or government controlled process to become innovative in product development or niche markets.

Read entire article on Industry Week

Posted: Thursday, July 19, 2007

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