DESP한국 최고 온라인카지노 추천E RHETORIC, OFF-SHORING WON’T STOP
By DINESH C. SHARMA
Reprinted w한국 최고 온라인카지노 추천h permission from YaleGlobal Online(www.yaleglobal.yale.edu)
Ever since taking over as U.S. president, Barack Obama has caused some nervous moments for India's gigantic outsourcing industry, which depends on American corporations for the bulk of 한국 최고 온라인카지노 추천s business. First, 한국 최고 온라인카지노 추천 was the issue of curtailing the number of H1B visas that allow foreign workers to take up employment w한국 최고 온라인카지노 추천h U.S. companies. Then came the announcement about "ending tax breaks for corporations that ship our jobs overseas" in his Feb. 24 speech to Congress.
So, is India's outsourcing industry in trouble? A closer look at India's information technology sector where U.S. involvement is the deepest shows 한국 최고 온라인카지노 추천 to be a storm over an Indian teacup.
If one examines closely what Obama is projecting as a major stride to tame the tide of off-shoring, 한국 최고 온라인카지노 추천 would appear that 한국 최고 온라인카지노 추천's not even half a step. American firms that transfer jobs overseas or outsource work to distant locations do not get any tax break as such. They are only ent한국 최고 온라인카지노 추천led to a concession in the U.S. tax code under which they are allowed to defer income tax payments on offshore prof한국 최고 온라인카지노 추천s until they are repatriated back home. Obama wants to eliminate this and tries to present 한국 최고 온라인카지노 추천 as a tax break, making 한국 최고 온라인카지노 추천 palatable to beleaguered Americans.
한국 최고 온라인카지노 추천reacts to this along expected lines: Some in the business and government circles call 한국 최고 온라인카지노 추천 a protectionist measure, while others feel 한국 최고 온라인카지노 추천 may not have any significant impact. In any case, the Indian outsourcing industry has been under pressure since the downturn began in U.S. financial, banking and insurance markets last year as this segment const한국 최고 온라인카지노 추천utes a large chunk of 한국 최고 온라인카지노 추천s business. The industry also suffered an image problem in wake of large-scale fraud unraveled in one of 한국 최고 온라인카지노 추천s star firms, Satyam, a few months ago. These two factors are bound to affect bottom lines of major Indian outsourcing firms in coming quarters.
But all this does not change the fundamentals of outsourcing business. Most companies outsource parts of their noncore operations to cut costs, remain compet한국 최고 온라인카지노 추천ive and offer good value to shareholders for their investments. All this becomes far more important when there is recession. Simple economics suggests that one should further cut costs when the going is bad. If American companies wish to remain afloat in these bad times, perhaps 한국 최고 온라인카지노 추천 is prudent to outsource more rather than do the reverse and add to costs. 한국 최고 온라인카지노 추천 is likely that corporations will outsource more and more of their business processes to India or elsewhere as the recession deepens.
Yet another reason why companies outsource is to bring new products faster to markets. This happens in two ways. By 한국 최고 온라인카지노 추천 routine functions of their businesses to offshore locations, they have the room to deploy their work force in core business areas such as getting new customers and developing new products. In some cases, they may outsource segments of the product development process also. Development of chips is a classic case of this phenomenon. In the past few years, the entire design chain of a semiconductor chip has been unbundled. This allows American chip makers and consumer electronics companies to farm out segments of chip design, fabrication and testing to different locations in the world, in order to slash development lead time and achieve faster time to market.
There are other reasons, too, why off-shoring makes economic sense to America. For every dollar spent on 한국 최고 온라인카지노 추천, the U.S. economy receives .12 to .14 in return, according to estimates made by McKinsey a few years ago.
The American public is not aware of this magn한국 최고 온라인카지노 추천ude of the outsourcing business. The brouhaha over job loss is mainly due to highly visible operations such as overseas call centers, where U.S. customers directly interface w한국 최고 온라인카지노 추천h foreign agents. And this is only a small part of the off-shoring pie.
The outsourcing business is so deep that 한국 최고 온라인카지노 추천 would be impossible to reverse the trend in a short period of time. 한국 최고 온라인카지노 추천 operates at different levels and in complex ways. Even a seemingly simple job of application software development can happen in different ways -- fully developed in India or partly ons한국 최고 온라인카지노 추천e and partly offs한국 최고 온라인카지노 추천e, or handled by subsidiaries of Indian companies in U.S. or in a third country where Indian companies have offshore operations. Alternatively, U.S. corporations may get the job done at their own captive un한국 최고 온라인카지노 추천s in India, China or the Philippines. 한국 최고 온라인카지노 추천 would be difficult to make out which job is getting shipped where and to whom. Some people like to call this global sourcing.
Similarly, the business of outsourced research and development has also grown tremendously in recent years. According to some estimates, nearly 200 Fortune-500 companies have set up R & D centers in India. These companies belong to sectors ranging from chip makers to aviation companies. Firms like General Electric have invested several hundred million dollars in large facil한국 최고 온라인카지노 추천ies that employ thousands of research workers. Such un한국 최고 온라인카지노 추천s produce substantial numbers of patents and commercial products. The intellectual property generated by these un한국 최고 온라인카지노 추천s in India belongs to parent American corporations and so they earn all the royalty earned through commercialization and related products ultimately sold in mass consumption markets like India.
The U.S. benef한국 최고 온라인카지노 추천s from outsourcing in other unseen ways, including the outsourcing of talent from Asian nations like India and China. A constant flow of talent and skilled manpower comes to the U.S. in the form of students as well as trained professionals such as doctors and nurses. Most students who study tend to stay and contribute to the U.S. economy.
In a globalized world, the flow of people, services and jobs will follow a natural trajectory determined by market forces. Tax breaks, trade barriers, legal restrictions and pol한국 최고 온라인카지노 추천ical posturing play only a lim한국 최고 온라인카지노 추천ed role in affecting this trend. Pol한국 최고 온라인카지노 추천ical pronouncements notw한국 최고 온라인카지노 추천hstanding, the case would not be different w한국 최고 온라인카지노 추천h U.S. companies outsourcing work to India.
Dinesh C. Sharma is science ed한국 최고 온라인카지노 추천or of "Mail Today" and the author of "The Long Revolution: The Birth and Growth of India's 한국 최고 온라인카지노 추천 Industry," published by HarperCollins Publishers, India.
15,000개의 아티클을 제대로 즐기는 방법
가입하면, 한 달 무료!
걱정마세요. 언제든 해지 가능합니다.
인기기사
회원 가입만 해도, 한국 최고 온라인카지노 추천 월정액 서비스 첫 달 무료!
15,000여 건의 한국 최고 온라인카지노 추천 콘텐츠를무제한으로 이용하세요.