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January 07, 2005
A side-effect of outsourcing
I get into these arguments about outsourcing and I keep saying that in the long run there can be no harm in other nations reducing their level of poverty, even if it temporarily hurts a few segments of our population. One obvious result is that they will have more money to buy things from us. Here's another, less obvious:
. . . India, for example, where nearly 10,000 people are reported dead, has raised eyebrows by turning down international offers of help. . . . though India is a poor country in terms of individual incomes, the government currently has a record surplus of foreign exchange "that it doesn't know what to do with," says Vani Borooah, professor of economics at the University of Ulster in Northern Ireland. Flush with income from software exports and call centers, India has been taking less and less international aid in recent years . . .I kinds like the idea of India being the superpower in the region. . . .. . . India's self-reliance carries a political message too, says Rahul Bedi, a political analyst in New Delhi. "There is a newfound confidence," he suggests, "a sense of being able to dine at the high table. . . ." . . . "India is essentially the economic superpower in the affected region, and because it can look after its own people it can also afford to send help to its neighbors," he says.
Indeed, India has sent ships, planes, and helicopters to Sri Lanka, the Maldives, Thailand, and Indonesia, joining a core group of key aid givers that also includes the United States, Australia, and Japan.
Meanwhile Myanmar still isn't talking. . . .
(Links via The Adventures of Chester)
Scott notices something Culkinish about Kofi.
Judith | 01/07/05 at 04:21 PM | Categories: - Pacific Rim
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Comments
I kinda likethe idea of India as a super power in this region too, maybe thats because I am an Indian and I live here :)
Mo | January 20, 2005 06:21 AM
