Concepts\Ideas from other countries?

[shaun.p.lawrence]

Is their a term\name\nickname for the idea of taking a concept, idea, or product that is popular in one country and using it in another country?
Is their a website that shows what concepts, ideas, or products are the latest craze around the world?

[jdoc]

Yes, geographic arbitrage (or international arbitrage) is still alive even in today's global village. Fabrice Grinda, a French entrepreneur has leveraged this concept more than once in his career. For more details, check out:

http://www.fabricegrinda.com/?m=200511

As for websites that talk about the latest craze in a country, I'm not sure. There are some generic 'trend sites' (search this forum for some links), but I don't know about country specific ones. That in of itself could be a good opportunity: offer information on the latest trends in some countries to budding entrepreneurs in others.

[akula]

yes, that's pretty much what we do - we call it innovation arbitrage

the nasty equivalent is called patent trolling

...taking a patent registered in one coutry, and regestering it in another

[Nigami Enterprise]

Here's a site that has good ideas. http://www.springwise.com/