Shift

Every era is marked by a fundamental shift - In power, In Economy, In technology. This new era is exactly what you say about it being a global, borderless community. We need to take a step back and analyze that why there has been a shift in the "power-bases" as have rightly pointed. It is the burning desire (if I may) about the "have-nots" to succeed. This is not just relevant in the global IT ecosystem. It is across countries, cultures, industries and economies.

Now, is this a good thing or a bad thing? I believe that it is good (a challenge is always good) because when we feel that we are not in the driver's seat anymore we tend to re-focus on our core competencies. We tend to look at what can we do better (see the theme of the burning desire to succeed) and therefore we innovate. Yes, the transition is difficult to deliver results almost immediately however during the transition we need to ignore the noise (outsource / job-loss etc.) and focus on what we can do the best - become the center of global IT. That should be the goal.

There can we a number of various strategies to achieve this goal however I feel the primary strategy should be coopetition. Think about it !