India and China

Whenever possible, in our course, we will try to cover the rise of India and China. Two interesting articles last week appeared. One was in the International Herald Tribune and details the state of the Indian cellular market: it has become the fastest growth market (in terms of subscriber additions) in the world. The second is an article in the New York Times on Baidu, the dominant search engine provider in China. What do these trends mean for the incumbents in the US, Europe, Japan, Korea and elsewhere?