Best wishes,
M. Chowdhury
www.amreteckpharma.com
2006-09-15 08:43:12 · 5 answers · asked by M. CHOWDHURY 1 in Business & Finance ➔ Other - Business & Finance
Protectionism is never a good idea, so I'm against it.
However, it would be very amusing if you are from India. Of course, India has profited greatly from jobs that have been switched from the US. The joke would be if you are now worried that these good jobs will leave India. If so... welcome to the world of international trade. It works great when it works for you but it's another story as you watch your job climb onto an airplane and fly away.
2006-09-15 08:55:12 · answer #1 · answered by pvreditor 7 · 0⤊ 0⤋
This is what Lou Dobbs at CNN is preaching. He says with all the outsourcing to various countries - India in particular - US is losing jobs.
Quite the contrary.
Take any business magazine. To be succinct, July issue of Business Week put it very nicely: Outsourcing actually HELPS Americans, Canadians and the Europeans. The argument is long and quite valid and I am not going in to details here. Check their issue.
Time Magaz, took the same stand. There was an issue with the front cover that has "India Inc" and it has a pretty lady's picture on the cover. I can't remember which issue it was. I think it was July 2nd week. It will be available in any library.
Read the book: The World is Flat by Thomas Freedman. He says the old thinking does not fit the 21st century. This is the new paradigm. Either you compete or conform. The competition is not localized any more. It is global.
So, being protectionist actually hurts us all.
2006-09-15 15:55:02 · answer #2 · answered by Nightrider 7 · 0⤊ 0⤋
There are two answers to this. If we are to look it as whats best for each American as far as keeping jobs and their standard of living and taking into account that other people in other countries standard of living is not our concern.. let them worry about them in their country.. then yes we should protect our jobs from going over seas. If you look at it differently... say we are all one global economy and large differences in socioeconomic from region to region destabilize governments and cause global unrest leading to wars.. then the answer is, let some jobs go over seas. We will lower our standard of living but maintain some global stability as wealth begins to equalize. There is no good answer because both have validity.
2006-09-15 15:53:44 · answer #3 · answered by rom0801 2 · 0⤊ 0⤋
Not necessarily. Shipping labor overseas is sometimes a great way to pull third-world countries out of poverty, and new types of labor will open up in the US to replace the labor that is being outsourced.
2006-09-15 15:51:08 · answer #4 · answered by Cookiemobsta 3 · 0⤊ 0⤋
Very likely a bad idea, no matter how freaked out we get over jobs.
2006-09-15 15:51:04 · answer #5 · answered by Ren Hoek 5 · 0⤊ 0⤋