http://amateurassetallocator.com/2008/02/15/out-sourcing-off-shoring-and-how-you-benefit/ Amateur Asset Allocator Sun, 13 May 2012 01:38:18 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://amateurassetallocator.com/2008/02/15/out-sourcing-off-shoring-and-how-you-benefit/comment-page-1/#comment-1481 Curt Thu, 26 Jun 2008 18:29:59 +0000 http://amateurassetallocator.com/2008/02/15/out-sourcing-off-shoring-and-how-you-benefit/#comment-1481 I tend to agree with your thinking and think government intervention should be minimized. When you look at the entire picture, off-shoring and outsources has been one of the biggest factors in the last decade of increase in productivity and growth around the world. But, now that globalization has run its course, the global economy needs something else to create growth. Until something is found, it's easy to look back and blame outsourcing because we have declining job growth. The reality is that if we didn't export the jobs that we have, we would have to provide more aid to foreign nations because without the jobs - they wouldn't be able to feed their people. The global recession that is upon us was not caused by outsourcing. It is a direct result of America taking advantage of the fact that the dollar is the world reverse currency by borrowing and spending much more money than we are producing goods for. We were able to do this by increasing the supply of dollars and trading them for goods to the rest of the world. Otherwise known as OIU's. I tend to agree with your thinking and think government intervention should be minimized. When you look at the entire picture, off-shoring and outsources has been one of the biggest factors in the last decade of increase in productivity and growth around the world. But, now that globalization has run its course, the global economy needs something else to create growth. Until something is found, it’s easy to look back and blame outsourcing because we have declining job growth. The reality is that if we didn’t export the jobs that we have, we would have to provide more aid to foreign nations because without the jobs – they wouldn’t be able to feed their people.
The global recession that is upon us was not caused by outsourcing. It is a direct result of America taking advantage of the fact that the dollar is the world reverse currency by borrowing and spending much more money than we are producing goods for. We were able to do this by increasing the supply of dollars and trading them for goods to the rest of the world. Otherwise known as OIU’s.

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