Innovation in places all over the world is driving a second phase of globalization, and Cisco Systems Inc. wants to tap into that trend through “brainforming,” the networking giant’s CTO, Padmasree Warrior, said. Web 2.0 technologies such as wikis and social networking can help make it happen, she said. According to Warrior, earlier emerging markets used to be passive recipients of innovations done in developed markets. Now innovation, as well as capital, is coming from emerging markets as well, Warrior said. She cited India as an example, which has developed ways of using SMS (Short Message Service) for mobile transactions that are new to developed countries.
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