You probably have read "The World Is Flat" by Thomas L. Friedman . It has been labelled the Best Business Book so far.
Analyzing the globalization issue, the author talked a lot about how China and India are changing the way the world is doing business. The competitive playing fields between industrial and emerging market countries are leveling.
Here is another great presentation about this subject.
If the world is changing or shifting, so are you. You have to make the changes and be competitive.