It’s not Iraq war but India will be the main issue topic for US elections. “INDIA BASHING” will be the topic of discussion for US Presidential elections this year. Take any American magazine or newspaper from Business Week to WSJ to Time or Economist it has pages and pages devoted to outsourcing of financial, IT, research and development, maufacturing, customer service jobs to India.
CNN’s flagship business-news programme, Lou Dobbs Tonight, which you might expect to strive for economic literacy, has embarked on a rabidly anti-trade editorial agenda, with its host greeting every announcement of lost jobs as akin to a terrorist assault.
Gregory Mankiw, chairman of the president’s Council of Economic Advisers, pointed out recently that if services can be sourced to India more cheaply than at home, it is to America’s advantage to seize that opportunity. Now Democratic candidate Kerry is pouncing Bush for encouraging job transfers to India.
America was always promoter of "FREE TRADE". What happened to the proponents of Free Trade, now that American jobs are going to India.
Indians now drink Coca Cola instead of Thums Up, eat McDonalds and Pizza Hut instead of Idli Sambar and Chhole Batura, wear Nike and Reebok instead of Bata, watch Hollywood movies with Bollywood movies, wear American perfume, buy American cell phone, buy life insurance from MetLife and NYLife than LIC.
Looks like US benefits more by outsourcing jobs to India by improving the standard of living of 1 billion people. Indian banks like State Bank of India have outsourced IT to Hewlett Packard.
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*Originally posted by spoon: *
Sounds like wishful thinking.
Offshoring is just a minor distraction, a side-topic.. one which apparently not many people understand.
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The export of jobs to India is the one topic dividing
John Kerry from John Edwards as they battle for the Democratic party’s nomination to fight presidential election against Bush.
Outsourcing will probably be one of the issues during the campaignbut I would not go as far as to say it will be the main topic. Iraq and budget deficit will outwiegh this issue by miles.
Well, you've got a point regarding Kerry and Edwards. Edwards has really screwed himself over on trade issues (and India wasn't the key to any of it). Kerry isn't all that great but has enough other topics for people to be distracted by that it hasn't done much to him.
But once this hits the general election the topic will fade away. It'll be one fought by pundits in newspapers and on TV (as it has been, so really nothing changes). Don't expect any specific comments from either candidate.. that'll be too much like a policy position promise. In this area any promise in either direction is sure to be broken.. it's the markets, not regulation.. can't be controlled.