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Story: IBM escalates outsourcing to India and China
I have read numerous newspaper articles in Indian newspapers complaining about the growing backlash against overseas outsourcing of U.S. IT jobs. There is always a cry that India is part of globalization and free trade. Job loss is blamed on the alleged lack of competitiveness of the American worker. Americans are told to be competitive or lose jobs to the free market. If only India would practice what it preaches. India has one of the most restricitve business climates for foreign investment in the world. Imports face heavy tariffs. Foreign businessmen are not permitted to own businesses with out Indian partners. In the U.S. Indian citizens who are legal residents are free to owm businesses without U.S. citizen partners. In the U.S. Indian firms are free to bid on government contracts and service work. In India only Indian firms can participate in government contract work. The list could go on almost ad infinitum. India need to open its markets and allow competition. Until that happens the U.S. should restrict Indian IT firms and other countries with closed markets from government contracting. The U.S. government should penalize U.S. firms that out source jobs to countries that restrict U.S. business from entering their markets.
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