In this global downturn, more attention is turning to India as a market and as a resource. I see that every day in my consulting practice at Amritt, Inc. But The Economist turned to India to start its talk about Entrepreneurship during the downturn.
In 1997, I joined an organization called The Indus Entrepreneur (TiE) as they opened their seccond chapter, in Los Angeles, and am now a Charter Member of organization. Started primarily by Indian expatriates in the Silicon Valley, TiE has now grown to be a worldwide organization and claims to be the largest group fostering entrepreneuership anywhere on the planet.
I hight recommend that you read the entire Economist story here. Large companies had a part in getting us into the mess we are in today. Perhaps entrepreneuers will play a part in getting us OUT of it. I think global entrepreneurs in particular will play a special part in the upturn when it come.