A new report suggests that the two Asian powerhouses need to focus less on low labor costs if they want to remain competitive in the IT industry
With rising costs eroding their low-cost advantage, Asian powerhouses China and India will need to find alternatives that can help maintain their edge in the technology space, says a new report by the Economist Intelligence Unit (EIU).
Commissioned by the Business Software Alliance, the study The means to compete: Benchmarking IT industry competitiveness was conducted from November 2006 to April this year, and surveyed 64 countries across seven regions. The study compares the countries' performance in building an environment for IT industry competitiveness.
According to the study released Wednesday, China and India are among the few countries which have IT sectors that are able to compensate for major weaknesses in their business environment by parlaying unique factors, such as workforce size, low wages or language attributes, into strong sector performance.
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