In today’s rapidly changing business environment, with advanced communication technology and convenient transportation across the globe, the interaction among different regions of the world is undergoing at an unprecedented speed. In China, many entrepreneurs are “copying” US entrepreneurial ideas to start businesses. On the other hand, even France Telecom set up a R&D Lab in Beijing to introduce innovative ideas and telecom applications from China to Europe.
I consider what behind these copying behaviors as great disequilibrium between China and developed countries. Baidu.com after Google.com, the coffee shop chains copying Starbucks, automobile services companies learned from US, tremendous entrepreneurial opportunities lie in the disequilibrium. However, not every such case turns to be a successful venture. For example, though friends-making websites such as Facebook.com in US are very successful, similar companies in China are suffering extremely.
I would say if you look at the big picture, globalization makes the world more homogeneous; while if you look in more detail, globalization makes the world more heterogeneous too.