graeme_p - 8:44 am on Nov 12, 2009 (gmt 0)

It takes time to build the skills and infrastructure, but it is happening. For example, Millennium IT, a Sri Lankan company, was bought by the London Stock Exchange for their technology. Millennium's trading system will be used to replace one supplied by Microsoft and Accenture that was not good enough.

One problem is the brain drain, a lot of the most skilled people can get better paid elsewhere. It makes it harder to build a skilled workforce.