Business Daily from THE HINDU group of publications
Monday, Aug 13, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Aug 13, 2007 ePaper |
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Industry & Economy
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Economy States - Tamil Nadu ‘Globalisation a plus point for developing economies’
Our Correspondent Madurai, Aug. 12 Globalisation has presented an opportunity, as never before, for the developing countries to take their share of limelight in the world economy. Currently, more than half of the world’s gross domestic product measured in terms of purchasing power parity is accounted for by the developing countries, said Mr N.R. Narayana Murthy, Chairman of the Board and Chief Mentor of Infosys Technologies Ltd, Bangalore, here on Friday. Delivering the third Founder’s Day address on ‘Being a global manager’ at the Thiagarajar School of Management, he said that globalisation will eradicate poverty in the developing countries as disposable incomes increased on account of improved employability and enhanced per capita income. In the global scenario, the key to success is through innovation and in that, how fast one develops new ideas, implements them and gains competitive advantage in the market place matters. People capable of these will become the key differentiators, and global managers, in this respect, will have to play an important role, he observed.
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