Answer:
The main idea of the given paragraph is that driven by ambition and fear, developing countries are becoming leaders in innovation and are highly competitive both domestically and globally. Option C touches upon all key ideas of the paragraph.
Option A states that developing countries have invented new business models solely to remain competitive domestically. This is incorrect.
Option B is true but is not as comprehensive a summary as option C.
Option D states that production and distribution models are going through innovations ‘worldwide’. The paragraph given only talks about developing countries innovating and transforming.
The answer is 'Competition has driven emerging economies, once suppliers of cheap labour, to become innovators of business models that have enabled them to move up the value chain and go global.'
Choice C is the correct answer.