From YaleGlobal, via A Glimpse of the World blog:
The recent acquisition of a part of America’s iconic IBM by a Chinese company, Lenovo, has been seen by many as a turning point – a symbol of China’s rise and America’s decline. The significance of the event, however, lies elsewhere. The Chinese acquisition of IBM’s faltering PC division represents a fundamental in shift the global IT industry, a new division of labor in which the successful players – the United States, China, and India – adopt a more complementary than confrontational approach. The rise of Lenovo in the international scene also helps to underline Japan and Europe’s diminished role.
