What will continue to drive globalization of corporate Asia?
You have the breaking down of trade barriers across the globe with WTO. Increasingly, we are seeing bilateral and multilateral trade agreements in Asia. Sure, there is still some residual protectionism but the trend is towards more openness and barriers are coming down. All this is pushing Asian companies to become more globally competitive, look for business overseas and compete against bigger global players. This trend is irreversible. In places like China, the government is pushing globalization. The governments wants 30 to 50 Fortune-500 companies in China by the end of the decade. That’s what behind TCL, Lenovo and CNOOC trying to do global deals. Some Chinese company might buy Hewlett-Packard’s PC business. Those are the next big stories. The globalization push is coming from all directions. There is pressure from governments for their companies to globalize and there is peer pressure as well. Will outsourcing help create more global companies in Asia? It will. What outsourcing d
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