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To: Lazarus_Long who wrote (159853)1/15/2004 5:04:11 PM
From: Victor Lazlo  Read Replies (3) | Respond to of 164684
 
IMO some of this offshoring is going to backfire on the co's doing it, and therefore some will be pulled back in to the US.

This happened with manufacturing. A lot of co's could not get the flexibility and responsiveness they need by having conference calls at 3:00 a.m. with chinese manufacturers, and spending a week each month flying to asia. So in some cases the manuf was pulled back in to US producers. This actually occured with some makers of TVs.

The services offshoring is still very young, and eventually the problems will become apprarent.



To: Lazarus_Long who wrote (159853)1/26/2004 9:42:05 PM
From: Cyprian  Read Replies (1) | Respond to of 164684
 
The study concluded that "offshoring brings substantial benefits to the global economy, and the lion's share will likely go to the U.S. economy."

economists only care about plugging numbers into their calculator and coming out with a larger number. if after jiggering the numbers they come up with a greater number, they are called a genius. never mind the fact that these supposed "substantial benefits" to the u.s. economy are distributed to fewer and fewer average americans while lining the pockets of the wealthy. there's nothing brilliant about an economist who has found a new way to squeeze and exploit the average working man.