IBM, supposedly a U.S. company, is dependent on its third-quarter earning statement which is justification for globalization. Not only are countries taking U.S. technology jobs, but a recent IBM statement noted that the opportunities in emerging markets is equivalent to the California gold rush.
IBM has 65% of its business overseas, with emerging markets growing by double digits. In the 2006 calendar year, IBM's non-U.S. operations accounted for 60% of its revenue. IBM signed $1.4 billion in services deals last quarter in India alone.
In a broad range of countries such as Malaysia, Poland, South Africa, and Ecuador, a growing middle class favors a buildup of public and private infrastructures to support explosive economic growth.
In India last week, Sebastian Teunissen, adjunct professor and executive director of the Clausen Center for International Business and Policy at the Haas School of Business at the University of California, Berkeley, stated: "I've been doing this for a number of years, and I'm still blown away."
The moribund growth of PCs in the U.S. is outstripped in India. He stated: "There are an awful lot of people there who are really, really hungry for technology."
Cf. Computerworld
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