Chinese and Mexican companies Latest Mailing Database will put you out of the job if they haven't by now. Can these countries keep on having these comparative advantages Well as mentioned earlier it depends upon the comparative advantage of the country, my personal analysis Latest Mailing Database is that outsourcing is a long term phenomenon and countries and companies which will succeed at it will be those which will treat it as a part of their business strategy
Companies which just want Latest Mailing Database to ride the outsourcing bandwagon with no long term strategy in place will fail miserably at it. Like all supply and Latest Mailing Database demand issues the outsourcing future will also be decided by the demand and supply of available resources Latest Mailing Database in a particular country. For example off shoring and outsourcing activities during the cold war were from the United States and England to Ireland and Israel. Latest Mailing Database As globalization stepped in more and more countries opened their door to free economy this change led to the emergence of new players like China, India, Philippines, Latest Mailing Database Russia and South Africa. Among these China emerged as the leader in manufacturing section while India is excelling in information technology.
India today is considered one of the most employer-friendly countries for outsourcing because Ireland and Israel have almost saturated their surplus labor pools Latest Mailing Database and salaries in those countries have started rising. While in India educational system churns out almost 3 million College graduates every year and they earn approximately one-tenth to one-fifth the salaries of their Western European or American counterparts Latest Mailing Database. As the cycle in previous outsourcing hotbeds proved that once the pool starts saturating and prosperity level increases the economy moves toward two things o One higher salary for the working class as they require more money to sustain their life style.