Mr. Barack Obama, a few days ago, came out harshly against out-sourcing. Mr. Obama is against encouraging out-sourcing of jobs out of America. Thats a fine sentiment ... after all, a politician has to play to the galleries ... say what the people want to hear.
Only thing, this entire objection to out-sourcing must be looked at in the context of a new, global economic order, where economies are dependant on each other ... where the markets are far more open than they have ever been ... at least in theory. How does high-cost manufacturing gel in with this new economic order is a question which would need an urgent answer.
On another aspect, it would also need to be seen, whether Mr. Obama is talking about only services outsourcing to, say, India, or is he also referring to discouraging out-sourcing of manufacturing activities, too, to, China, for instance?
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