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Russia taps geekpower for growth focus 03/15/2011

Tuesday, March 15, 2011

Russia taps geekpower for growth

focus

03/15/2011
MOSCOW — US-Russia trade has yet to live up to the reset in political ties but US firms believe Russia’s human resources can soon do for high-tech engineering what India did to the IT sector two decades ago.

Vice President Joe Biden this week lamented on a visit to Moscow that annual trade between the two countries was equivalent to just a few days of commerce with neighbors Canada and Mexico.

But executives at some of North America’s biggest companies are grasping onto a vision of a 24-hour production cycle in which Russian engineers zip their drafts to board room executives in Europe and the United States.

The US aerospace and defense behemoth Boeing now has a $27 billion plan in place to purchase Russian parts and R&D services — with much of the focus placed on the latter..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20110315com6.html

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