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Published on: 3/4/2008
Last Visited: 4/2/2008
Aditya Dev Sood, Founder and CEO, CKS, said: "At present, we can see Chinese goods flooding the world market.
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Sood pointed out that information was gradually replacing Industrialism: "Strong and sustained employment growth is seen in the service sector, while the manufacturing sector sees variable change.We see that in Brazil, where at 64 per cent, the largest share of Brazil's GDP comes from the service sector while the industrial sector contributes only half of that at 30.8 per cent," he said.
In many emerging economy environments, especially in rural areas, soft infrastructure is encountered even in the absence of hard infrastructure.
"More importantly, the installation and use of soft infrastructure can generate and attract the capital resources necessary to build the more expensive hard infrastructure.For instance, Egypt's population enjoys a substantially high mobile coverage at 87 per cent while 29 per cent of its villages still have no access to safe drinking water," he said.
Sood said informal economies are becoming networked economies: "Large informal markets for intellectual property continue to coexist with newly organised corporate retail outlets, as each caters to different consumer segments.Where once only large corporations enjoyed sophisticated long distance access, even micro-enterprises can now be connected to one another," he stated.