The main points of the paragraph are: 1. Developing economies are becoming hotbeds of economic innovation. 2. Earlier they used to be associated with cheap labour, but now ambition and fear have made them competitive globally. Option A: It correctly captures the two main points and hence is the answer. Option B: This option is distorted. Business innovations have not been mentioned as the reason why emerging economies have become competitive globally. It has only been mentioned as a factor in close association. Option C: Again, the paragraph does not mention that the developing economies are being forced to do this in order to stay competitive. This option suggests an element of necessity for the survival of the economies, which is not implied. Option D: This option is distorted. The passage only mentions innovations in developing economies and not worldwide.