Creates wealth I Soluble problems I Benefits consumers I Reduces poverty I Pensions I Force for good I Open society
	IT REDUCES POVERTY IN EMERGING COUNTRIES An objection to companies that buy from emerging countries is that they exploit workers, since they pay them less, often much so, than the corresponding national workers. The workers in emerging countries operating for export certainly do not share this view. It is quite the opposite: these jobs are highly prized, pay more (for multinational companies an average of almost twice) and offer a better environment than the alternative employment for the internal market. Tasks that in rich countries are deemed low-end (for instance those required by offshore outsourcing) yield a high social status and are taken very seriously. In developing countries serious problems such as child labour certainly do exist -but it is economic growth the long-term solution, since it solves the underlying causes -as was the case for Italy just a few generations ago. Another objection to globalisation is that each emerging countries' worker assigned to export is "one resource unavailable" for the development of his or her country. This objection, which relates to the merits of the "closed" economy versus the "open" economy, does not stand the facts. In the '50s a large group of countries were more or less in the same macroeconomic and social conditions. Some of them (for instance, Korea) chose the open economy (opening of the local market, foreign investments, international trade, etc) as the road to development, whereas others (for instance, India) chose the closed economy (import restriction, incentives to national producers, etc). In the span of a generation the first group of countries has progressed enormously, and the second one much less so. This lesson is widel accepted today. A closed economy, which targets the resources towards "national needs" and protects the home industries with high tariffs, creates enormous distortions in production, encourages producer inefficiencies through lack of competition, requires a vast bureaucracy for price and quota controls thus increasing the potential for corruption, and denies its citizens the imported lower-cost goods. Most of the countries that in the '50s and '60s chose a closed economy are now opening up.
	Offshore Outsourcing I Designing A Relationship I Carrying Out The Promises I Engineering Services From India Choosing Globalisation I How To Contact Us