By John Moore, Special to CNBC.com
NEW YORK (CNBC) -- As demand for technology rises in the larger emerging markets, U.S.-based companies will find more opportunities to export their products overseas.But with innovation also on the rise in these regions, lower barriers to entry, and cultural factors that favor homegrown companies in some industries, the expanding consumer marketplace also creates challenges that could chip away at the United States' dominance of the technology industry. Jeffrey Donlon, portfolio manager of the Manning & Napier Technology Series Fund, says several emerging markets are in the middle of a long-term shift from primarily export-driven to consumer-driven economies. That transition is driving the need for new technology companies to serve consumer demand.
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