FYI – some of you may be interested in comments I left over @ Seshu’s Tiffinbox blog re: Outsourcing & Capitalism. The comments are perhaps a tad overly political vs. the type of stuff I’d generally post here but I thought it may be of interest nonetheless –
FIRST – India’s GNP = $3Trillion
Total Outsourcing market in ’03 = $1.3Billion.
So, outsourcing = 0.04% of India total GNP. A drop in the bucket. By comparison, India’s other exports (farm products, textiles, etc.) = $57Billion
SECOND – there’s a different theme in your post which I consider one of the most significant, and yet unseen political divides – are the Rules of Capitalism Natural or Arbitrary…
You make a good point Vinod.
As an aside, some companies in India have shown that they can play on the ‘world’ business stage because of outsourcing (and not just outsourcing. Look at biotech and pharma). It’s not just about money, it’s about creating a successful business culture. It wasn’t that long ago that Indian politicians argued that India’s economy should be completely closed because it couldn’t take the competition, so to speak. What does this kind of global success, as it were, do to that mentality, I wonder?
I like that natural vs. arbitrary thing. It helped me clarify some thoughts, and I hadnt heard that particular way of phrasing it.