Story: India calls for allies to fight backlash
Posted by: Anonymous (Friday 6 February 2004, 9:38 PM)
It is really surprising to know that India is fighting the outsourcing backlash. In my personal opinion, India has made the most common mistake which we learned not to do in kindergarten:"Not to put all eggs in one basket". India's economic growth and foreign reserves has been dominated by its IT services alone. For the kind of wisdom that Indians carry, it should have realized to have a balanced growth. Now they are concerned. Can Thailand, Singapore, and other east asian countries start a similar alliance if U.S. auto makers decide to close their manufacturing facilities there which they opened decades ago to exploit the cheap labor?
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