It is becoming increasingly clear as the global recession plays itself out that the balance of economic power is slowly but surely shifting towards Asia. US and Europe will however continue to dominate in technology and research. Two way business growth between the developed countries and India and China will get stronger. Companies in the US and Europe behavior will follow the classic pioneer innovator, follower and laggard model while looking for collaboration and new opportunities in the fast growing Asia economies. It will not be too far in the distance that the followers will join the pioneer innovator clubs and the trickle will turn into a flood.

I am seeing this play out in my business where I see pioneers collaborating with us in entertainment, finance, healthcare and education. The pioneer innovators who are building these collaboration based business with us are all from USA. The Europeans are still too waiting on the sidelines.