A Poor Human's Innovation
Vijay Govindarajan Keynotes - The Vijay Govindarajan speeches provide vital information and theories about the global economy....
Govindarajan has a contemporary insight on global economics. His dynamic presentation introduces the concept of 'Reverse Innovation.' He explains that innovation is happening in rich countries, which are in turn, selling these products in poor countries. This process should be reversed to equalize the international corporate playing field.
Rich countries have immense buying power and a huge need for consumer good. If poorer countries began innovating and creating manufactured goods, wealth could be redistributed. The United Nations and government organizations could implement such tactics, and allow for such nations to become more independent. While the idea is 'Reverse Innovation' is a simple one, it could cause a huge impact on the global economy.