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Straydog snip which means that 70% of those offshoring have had reasonable success. That doesn't mean failure because it is 70% of a huge amt of work being offshored. You should take a trip to some of the major offshore centres in India before you write it off.
Yes -if foregin companies weren't allowed to market or compete with american companies, you could put the genie back into the bottle.
snip No -most of the fortune 500s are offshoring and their profits are on the rise. If you want me to name them, IBM, HP, Sun, GE, Cisco, Lucent, Agere, Avaya, Yahoo, Google -they are all in India.
As I udnerstand, free trade theory is about creating a seamless market place -so that politicians won't be required to get market access.
I just told you above offshoring needn't necessarily be good for the working clbutt in the US.
I have no song to play and for the msot part, Im trying to work out a career path that won't have me impacted by american legislators.
I don't necessarily advocate globalization, and live in a country which has a negligible portion of international trade. You line in a country which has a significant portion of international trade.
No -it has happened to numerous industries during the 19th century. Within United States, textiles, farming, manufacturing of heavy industrial goods, computer chip manufacturing, buttembly etc.. moved out WITHOUT the internet.
That theory of Ricardo didn't have anything to do with bilogical species. It had something to do with rlocating industirs from location X to Y. snip
I never said that it doesn't come at the expense of a significant fraction of the working clbutt in the US. Your whole problem is that you are confusing "what is good for business" with "what is good for the american working clbutt". The 2 don't necessarily mean one and the same thing. snip hard for that law to be implemented in practice. Oh btw -captive labour has been one of the major strengths of the american economy during the past couple of centuries.
On Sat, 30 Jul 2005, Kamal R. Prasad Without: i) problems yet appearing in the short run, ii) and without the broader negative effects yet being recognized by society. The way you stated it...
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It isn't my theory -but it is what will cause many americans to stop working as programmers.
Im not bragging about anything.I don't have any formal education in economics and cannot claim that either globalization or anything else that causes pain in the short run is good for americans in the long run.
Nobody OWNs anything, ever. All they have is temporary possession and the right to sell that temporary possesion to someone else. Ever hear of nationalization? " Yes -it was tried...
How much of the above is being contradicted by me?
Im not in blore.
saudi arabia has a lot of money. Their citizenry has no education, no skills etc.. All of the work in that country is done by foreigners. The state keeps paying handf-outs to keep the situation udner control, and as such -the citiznry will not be able to get a slice of the pie.
army, This is the reason why US businesses should pay more to hire labor in the US. It's the cost of doing business. Trade can and should be regulated as follows: 1) If you...
Can you point me to statistics about 50 yrs back -how many americans had jobs and compare that with th no today? Has it remained constant or increased? Did the US witness jobs moving to other countries during the same period or not? Im talking statistics -not theory.
Its true. FYI -IBM India DID shed jobs during 2001 dec. and I know people who witnessed that happen. The group in which I started work in 2003 at IBM India was downsized from a group of 70 to a group of 7.
It will enable Indians to walk into the US and displace workers in the US -instead of that company taking a circuitous route to opening an indian office ancd transferring work and monitoring it remotely.
On Tue, 2 Aug 2005, Kamal R. Prasad We had monopolies and trusts in the 1880s with disasterous results. We had the rise of unions in the...
They are behind the curve by a mile -as to what can or cannot be legislated.
No -they are asking for a good deal in return for allowing foreign companies to enter India. walmart wants to open supermarkets in India and the quid-pro-quo the govtis asking is more business for service companies in India. Trade agreements are like a form of barter trade,eg:- "country X allows companies in country Y to operate in X if Y allows companies in X to do the same"
I would advise you to work on economic compebreastiveness instead.
regards -kamal