You can see it in their faces, hear it in their voices. The Japanese and Koreans – on top of the world in the 1980s and 1990s – want the good old days back. When I meet Japanese and Korean companies these days I find their executives among the most attentive and determined of any in the world. Years of economic stagnation does that to you. Who doesn’t want to escape from a malaise? Willing alone won’t bring back the boom times – and I’m not yet ready to forecast a Northeast Asian renaissance. What I am ready to do is predict South Asian retrogression.
Image: When I talk to Indian CEOs, they acknowledge the threats of digital transformation, and can see the opportunities for diversification. Yet they turn away from our conversations to focus on closing another legacy outsourcing deal – fiddling while Bangalore burns.(MINT)
