The key word of
this century is globalization. The world over, technological capabilities
of many advanced economies are rapidly attaining new standards of excellence.
Developing nations with new, vibrant economies and committed human resources
are emerging. The global economy and its companies today have many choices
of investment where capital, technology and talent are increasingly available.
Many companies of advanced countries compete to invest in under developed
and developing nations in industries with lucrative returns. Sadly very
few private organizations invest in basic and higher education and service
oriented medical assistance. Even the governments of these countries lay
more stress in development of high tech industries with the help of developed
nations paying less attention to education and health. The budget allocations
of these countries bear ample testimony to this fact.
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