In 2002, GE innovated a portable, easy-to-use, ultra-low-cost ultrasound scanner that was able to address the unique market needs in China.

FORBES: Reverse Innovation and the Myth of Cannibalization

While the past approach was to use low-cost labor in China, the new factories, many of which are managed by outsiders, use increasing levels of automation, which will change the employment patterns in China.

FORBES: Characteristics Of The New China

From its high-tech headquarters in Shenzhen, Huawei has been able to use its low-cost advantage to expand outside China into a number of emerging markets over the years, while rapidly developing its technology.

FORBES: Names You Need To Know: Huawei

The use of low-cost, small-scale technologies in developing countries was promoted in the 1960s by Dr E.

UNESCO: Natural Sciences

They were turning to low-cost tool shops in Japan, Korea and China for the dies they use to stamp sheet metal into sculptured steel parts for automobiles.

FORBES: A Savior From the East

Next up, an ambitious effort to inaugurate a low-cost fixed wireless phone service in Mexico early next year (the technology is wireless, but the range of use will be about 2 kilometers).

FORBES: The Salinas touch

Next up, an ambitious effort to inaugurate a low-cost fixed wireless phone service in Mexico early next year (the technology is wireless, but the range of use will be about 1 mile).

FORBES: The Salinas Touch