Thursday, January 29, 2009
The Class on "Global vs Local" was on the most interesting as people shared their views on how best it is to operate in the current global set-up. Of all the discussions, the one on OUTSOURCING was the most debated upon and everyone had good reasons to discuss their views and substantiate them. Outsourcing is viewed today as jobs going from developed economies to developing economies (from say the US to India, Brazil, Ireland, etc.) and hence there is a resistance to Outsourcing from people and more importantly from certain policy makers, especially in tough economic times. However, it is my opinion that economics determines all business decisions and it could well be possible of reverse outsourcing in some aspects in times to come (eg. in the fields of innovative technologies) which might bring back jobs to developed countries. It will be interesting to see how policy makers in developed economies react to those developments.
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