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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (45824)	3/28/2004 10:09:37 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Excellent column highlighting how important it is to transcend narrow nationalism when discussing outsourcing. Furthermore it's also important to note that the Indian consumers made prosperous by outsourcing will not only get onto the cycle of wealth but will increasingly demand the very same consumer products in the States thereby enabling the cycle of wealth to flow back to the original source American. Outsourcing in a way is a very efficient investment cycle by the States in fledgling economies like India and China, with both a short-term (exploiting for labour-intensive processes the wage differential, production costs between the first world and third world) and long-term return on capital (the flow of capital back to the States as a hundreds of million prosperous Indians and Chinese demand the very same products afforded to their American counterparts). Zachary Latif 08:05 businessweek.com