A reversal of roles- US, India and Protectionism

Bhaisahab

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Wed May-12-04 03:54 AM
Original message

A reversal of roles- US, India and Protectionism

comments anyone?

excerpt:
"In the US, India is often seen as protectionist and a reluctant and gradual convert to globalisation. Indeed, the Indian representative at the World Trade Organisation has often been labelled the "Mr No" of international trade.

But seven months after Cancun, a review of recent trade policy in the two countries provides an interesting comparison. India has continued to liberalise while the US has turned protectionist."

<snip>

"While firms such as Forrester Research have fuelled American fears by predicting that over 3 million jobs will go offshore by 2015, can we really say what the world will look like 11 years from now?

Even if this prediction is true, it represents a loss of 200,000 to 300,000 jobs a year in the US -- well below the 2.5 million jobs lost in 1999, when the US economy was booming.

The US economy is the most dynamic job creating economy the world has seen and the impact of outsourcing is marginal. The size of the Indian software industry as measured by revenues illustrates this."
continued at http://in.rediff.com/money/2004/may/12guest.htm
-- Suneet Weling
The author is an investment banker, currently at the John F Kennedy School of Government at Harvard University

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cornermouse

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Wed May-12-04 04:04 AM
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1. The impact of outsourcing is marginal?

Yeah, right. Don't let your kids go to college thinking that they have a future in computer programming in the U.S. It is a dead industry here.

The strange thing about the whole mess is the fact that you would think that computer programming would be an integral part of the "new world" that Bush keeps talking about. But I guess that's only if you're in India or China.

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Bhaisahab

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Wed May-12-04 04:26 AM
Response to Reply #1

2. i'm willing to bet that america will rebound

... DESPITE bush. your nation, as is evidenced by history, is much bigger than the dumb machinations of a man-child.
so don't rush to bury computer programming in the USA. that's one field where the US will always lead, and we will follow.

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cornermouse

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Wed May-12-04 04:45 AM
Response to Reply #2

3. We have a LOT of experienced computer programmers

who have either lost or are losing their jobs. If you're thinking about starting out in the computer programming field, don't. Its that bad.

It is an expensive field to become educated in, not enough jobs to go around, salaries for the inexperienced are dropping, you're going to have a big loan to pay off on that reduced salary. And if you don't find a job in the field quickly, what you learned may become outdated in a relatively short amount of time.

It just won't pay any more.

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