Tata Steel and Third World Companies

The news it the article is less interesting than the general sweep of what it is posited to represent - the theory that third world companies are more efficient because of the necessity of having to battle government regulations and low income in their home countries and are hence on very good footing to compete in the globalized world.
...experts say they are strengthened by the twin imperatives of having to compete with old-guard multinationals and overcome the exigencies of commerce in the developing world, with its low incomes and high business costs

Govindarajan, an Indian-born business professor at the Tuck School of Business at Dartmouth University in New Hampshire has the following to say:
The very genesis of Indian multinationals has to be around business-model innovation. The reason that business-model innovation will come from India is that India is a very different laboratory

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