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Tuesday, February 17, 2004
From Daniel Drezner comes a pointer to this:
A European Union delegation said Monday outsourcing was beneficial for the world economy and added it understood India's concerns about objections in western nations to shifting jobs overseas.
"It's something that is good for you (India) and good for our service industries," EU's External Relations Commissioner Christopher Patten told reporters in New Delhi.
"We have no problems with outsourcing. We are very understanding of India's concerns on the issue."...
Patten said the EU believed western outsourcing of jobs to countries like India, Mexico and China, where labour costs are lower and goods can be produced more cheaply, was an "an aspect of a more liberal world economy."
So I guess Mankiw isn't the only Western bureaucrat that takes this position.
Get used to it... global outsourcing, for better or for worse, is here to stay.Labels: Archives_2004
.: posted by
Dave
7:31 PM
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