Asian Window

S. Mitra Kalita in the Wall Street Journal:

Ten years later, the world is in panic mode again—and some economists think India will come to the rescue yet again. This time, it’s from the evolution of that nascent outsourcing model into the engine of a robust global player that can do more than serve U.S. companies; Indians can buy their products, too. Indeed, ask an economist who will replace the U.S. consumer and the answer increasingly seems to be … the Asian consumer.

The bookends of this decade are significant for India and its place in the new economic order. The backlash against outsourcing remains a very real threat, intensifying amid 10% unemployment in the U.S. But outsourcing—and the idea that companies must operate cheaply, efficiently, globally—has come to be an accepted, inescapable reality. More:

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