The landscape of the global technology economy has transformed significantly according to the Info Tech 100, a performance based ranking of technology companies around the world, by news magazine Business Week. Asian companies from Taiwan, Korea, and Hong Kong accounted for 7 out of the top 10 performing info tech companies worldwide, and captured 49 spots in the Info Tech 100 list, greater than any previous year.

BusinessWeek further goes to say, that the balance of power in the technology industry is shifting, with companies in the United States taking a back seat to tech companies in Asia.

Asia's ability to exercise its competitive advantage has put it in a position of strength that it finds itself in today. Technology companies in Asia are low cost producers, making them very attractive to American manufacturers, who use them to outsource production to cut costs. In addition, Asian tech companies have been making advances in diversifying their products, and building on their existing technologies. The global technology industry is evolving, and advances in globalization and free trade have not only increased levels of competition within the industry, but have led to a sharing and integration of resources. While the ranking by BusinessWeek indicates a shift in spotlight from American to Asian tech companies, it more importantly tells us that companies collaborate more effectively, regardless of origin, to leverage their position in the technology market place. American tech companies actually benefit from Asia's manufacturing prowess and needn't be threatened by their recent performance

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