India - Wave of the future

Subject: India - Wave of the future
From: "nosnivel -at- netvision -dot- net -dot- il" <nosnivel -at- netvision -dot- net -dot- il>
To: techwr-l -at- lists -dot- raycomm -dot- com
Date: Wed, 3 Sep 2003 02:58:57 -0400

> Also read a very interesting article with respect to low-wage overseas
> outsourcing: http://web.mit.edu/krugman/www/smokey.html

Everything the author says is right, but I get the impression
that he hasn't yet realized that an economics professor from
India could very well replace him at MIT for half his salary.
He's thinking "rising tide raises all boats", he's not thinking
"zero-sum game." There are, of course, elements of both
phenomena, and it may depend on whether you're looking at
individuals in the short term or economies in the long term...

Mark L. Levinson
Herzliya, Israel
nosnivel -at- netvision -dot- net -dot- il

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