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Bush's Pro-India Stance Shows He's Got The Facts Right About Outsourcing

Informationweek.com
Legislative efforts to restrict the outsourcing of IT and other services jobs to India would hurt America more than they would help it. Most business people and economists know this, and it appears President Bush knows it, too. Amidst all the hyperbole about the so-called ruinous effects of offshoring, it's easy to forget that the U.S. enjoys a significant trade surplus in services with India--$1.8 billion, to be exact. "India is now one of the fastest growing markets for American exports, and the growing economic ties between our two nations are making American companies more competitive in the global marketplace," Bush said Wednesday in a speech to the Asia Society in Washington, D.C. In other words, a trade war with India is one of the last things America wants or needs. Fueled in part by income earned working for American tech companies, India's emerging middle class is spending its newfound wealth on the kind of products and services that are familiar to most of us: pizzas from Pizza Hut, washing machines from General Electric, computers from Dell. "India's consumers associate American brands with quality and value, and this trade is creating opportunities here at home," Bush said. more...

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