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Here goes!!

So I find myself writing a blog for the first time. I’ve been thinking about it for a while but never managed to take the time to actually go for it. The purpose of my blog is to express my views and smash through the myths of globalization of labor.

To many, this is an abhorent subject, I hear comments about the impact on domestic jobs all the time. The reality is that globalization is an unstoppable reality. Technology means that work can be carried out anywhere at fraction of the communications costs of the past, the freedom of movement of capital means that necessary infrastructure can be built (offices, networks etc), the result is that companies will seek out the best talent from anywhere in the world if it helps to make them more competitive.

And what’s wrong with that? Globalization means that many previously poor countries find themselves growing at a phenomenal pace. China’s GDP growth exceeeds 10% per annum, India’s is now around 9%, Eastern European growth ranges from 5-8%, South American countries range from 2.5% to 9%. For all of these regions and countries and their populations, globalization is fantastic news. Yes, many are left behind for the moment, but over time the population as a whole is lifted.

This blog will share my observations as I watch companies large and small globalize themselves, typically for the first time.

  1. Steve Rosenbaum
    November 4, 2007 at 5:48 pm

    Globalization is a very emotional issues for a lot of people that has very little basis in fact and usually zero understanding of economics. It’s one few of the small pie being sliced up by more and more versus a growing pie with bigger slices for everyone.

    Here’s an example. Many people fear that all the jobs are going overseas. What are the facts? From the Bureau of Labor Statistics, there are 140 million jobs in the U.S. 90% of those jobs are location fixed. That means they can’t be done anywhere else. For example, think about where you’re going to go for your next dental appointment? I don’t think the answer is Bejing. Of the remaining 10%, only about 1% have left the country which ironically has created new jobs here supplying those new companies. Things like Dell Computers and Cisco Routers.

    There is also still a lot of historical beliefs, many religiously based, about the evils of business and commerce. Think about what happened in China in the 1400s when they close their society.

    So, the facts are on your side. It’s the emotions and the annecdotal information that’s the challenge.

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