The Movement Of Professional Jobs To India And China

1989 words - 8 pages

The movement of professional jobs to India and ChinaSince many years ago, highly labor-intensive jobs, such as manufacturing, have started moving to developing countries, like India and China, from developed countries, such as U.S. UK, and Japan. This did cause some problems but not strike at the heart of the United States, since they believed that white-collar jobs would take blue-collar jobs. However, the recent movement of professional jobs across many industries and countries to overseas seems to be causing more worries than ever. As a matter of fact, it is not as scary as many governors think. There are both advantages and disadvantages for companies to outsource. Also the advantages will weigh over the disadvantages when outsourcers manage some relative problems properly.Unstoppable Overseas OutsourcingOver time outsourcing started with blue-collar jobs such as manufacturing. Recently it has shifted more towards white-collar jobs, like back-office work, call centers, IT, software programming, and financial analysis, This movement is made possible by advances in communication and driven by increasing global competition. It provides productive and financial efficiency to the companies. Overseas outsourcing is not restricted to the United State. Many other developed countries are experiencing this situation. Also, the trend has gone beyond large companies. In general, the movement of high-end jobs outsourced offshore will accelerate.Attractiveness of outsourcing or offshoring to India and ChinaThe following are factors that contribute to the desirability of moving professional jobs to India and China:Low costAs everybody knows, the wage of the workforce in India and China is low. Indian engineers or financial analysts usually earn much less of the amount than that their counterparts do in America. For example, according to figures from the international Labor Organization and the Paras Group: while a software engineer in the USA makes an average of $66,100 a year, in India she or he makes $1,000 per year; mechanical engineer $55,600, India $5,900; IT managers $55,000, India $8,500; Accountants $41,000, India $5,000. (www.commondreams.org/cgi-bin). Similar to the Indian workforce, the Chinese workforce has about similar low wage level. Since all corporations are pursuing low cost and high return on investment, it makes economic sense to produce products or provide services where the labor cost is lower.In addition to cheap labor, the rent for office space is also low. In the call center's case, average annual rent of $100,000 for a 100-seat office in India is 20 percent of the rent for a similar office in Singapore. Accordingly demand for office space will grow six percent in Mumbai and Delhi, eight percent in Beijing, and 10 percent in Shanghai in next five years.The availability of a highly motivated workforceBusiness process outsourcing is not just about cutting costs. The quality of the labor pool willing to work in certain areas, for...

Find Another Essay On The movement of professional jobs to India and China

The Relationship between China and India

1347 words - 5 pages The historical relationship between India and China has been ambivalent at best. Plagued by border disputes and economic competition, the countries have long fostered feelings of animosity towards one another. Recently however, both sides have made concerted efforts to improve relations recognizing that coöperation offers economic and political advantages. In May, Indian and Chinese officials issued a joint statement affirming their resolve to

Evaluate the causes and failure of the self-strengthening movement. How did its failure affect China up to 1912?

1562 words - 6 pages The Self-strengthening Movement (1860-1894) was also named "Yang-Wu Yun-Tung" by the Marxist historians. It is because the movement did not strengthen China and it depended too much on the foreigners. All the reform programmes just imitated the West. In the upcoming paragraphs, we are going to discuss the causes and failure of it, and how its failure affected China up to 1912.It has been said that the Self-Strengthening Movement was a response

Why China Can Attract More FDI: A Response to "Competitiveness in India and China: the FDI puzzle"

1896 words - 8 pages Why China Can Attract More FDI: A Response to "Competitiveness in India and China: the FDI puzzle" In 2008, a serious financial crisis swept the globe, causing many countries' economies sunk in depression or recession. After four years, some emerging economies, such as China and India which are the members of the "BRICS" (the acronym of Brazil, Russia, India and China, which are at a similar stage of

Does the rise of states like China and India to great power status render postcolonialism irrelevant as a theory of international politics?

2311 words - 9 pages the great powers. It had accepted what was considered to a make a state great. While India, China or any other new great powers might not still be economically dominated by the West they have actually internalised western ideas of capitalism and the markets.Young, 2001: pp.58-59 The power of these concepts arise because of the authority given to them by the state deploying them.Prakash, 1992: pp.4 Postcolonialism looks at this continued

Essay about the negative effects of colinization on India and china using specific facts

1397 words - 6 pages growing food products to un-food products, famine and in China, economic corruption. Those effects took and will take years to fix, and heavily outweighing any benefits Asia may have gained.Europe's colonization of India and China had negative effects on local political systems, leading to corruption and disunion of the peoples and governments. The movement to remove British from power in India, the Indian National Congress (INC), was one of the

Evaluate the advantages and disadvantages of Continuing Professional Development to professional associations, employers and employees.

1989 words - 8 pages With the rapid pace of change, many people may find that their skills and knowledge, acquired over the recent past, are outdated. In order to update their members, many professional groups have introduced the concept of Continuing Professional Development (CPD). (Foot and Hooks, 2002).The Royal Town Planning Institute (2001) holds that CPD is the means by which members of professional associations maintain, improve and broaden their knowledge

India and China: A Comparison of Economic Growth and Development

2154 words - 9 pages as the world's next major powers. Although the economies of these two emerging superpowers continue to grow they each face unique challenges in maintaining economic stability. (Chen, Kuan-I, 3)Achieving these levels of economic growth and gaining status as emerging world powers was not easy for India or China. "The present governments in both countries inherited economies torn by partition in the case of India and civil strife in China and

Inequality in Education and Jobs in China

2678 words - 11 pages in terms of education and jobs after the economic reform began in China. To understand the dynamics of the inequality inherent in the educational system, it is necessary to understand the evolution of the Chinese education system and the redistributions of jobs under the socialist state. Until the 1980s, China's distributional policies strongly favored urban areas; the rationing system introduced in the 1950s enabled urban residents to

China, India, and Multinational Enterprises

1132 words - 5 pages expected to be equal in size to the US economy by 2020 (International Monetary Fund (IMF), 2011). It is clear that the continued expansion of China’s and India’s economies places them as a dominant economic forces that Multinational Enterprises will have to compete with for market share in China, India, emerging markets and domestically. Professor Khanna in his article China + India the Power of Two emphasizes the importance of businesses gaining a

Memo: China and India threats

1631 words - 7 pages regional tensions, including border disputes with China and difficult relations with Pakistan. A brief outline of the threats of a rising China versus the threats of a rising India: 1. Both India and China have comparable power will undermine the US’ ability to protect its interests. Power transitions between international super powers are dangerous. Furthermore, unipolarity is less dangerous than bipolarity because there are less clashes and

FDI in Real Estate of India and China

4358 words - 17 pages FDI in Real Estate of India and China FDI refers to the investment made by a foreign individual or company in productive capacity of another country for example, the purchase or construction of a factory. FDI also refers to the purchase of a controlling interest in existing operations and businesses (known as mergers and acquisitions). Multinational firms seeking to tap natural resources, access lucrative or emerging markets, and keep

Similar Essays

Comparison Of China And India Essay

3711 words - 15 pages Beata Jabłońska Żółwin, 22.04.2007'Comparison of development strategies in China and India'1. IntroductionThe media, financial press, are all talking about the rise of China and India in the international economy. China and India together constitute more than one-third of the world's population, both had similar development strategies prior to breaking out their insulation from the world economy and ushering from

The Positive Impact Of Globalization Upon China And India

1438 words - 6 pages has influenced our modern world far beyond those predecessors’ wildest dreams. The Western culture has infiltrated almost every corner of the globe. Its capital, infrastructures, knowledge, and talent can be found all over. It has a dramatic impact on India and China. These countries in turn, have also passed on their influence to other countries. It is a never-ending domino effect that circumvents the globe. Some of the Western influence has

Socioeconomic Populism: The Populist Measures Of India And China

2734 words - 11 pages therefore be harmful to the welfare of the people of a country. Hence, the Government takes measures to ensure the betterment of their people during these crises. These measures taken by the Government is to ensure equality and inclusion of the ‘people’ against the elite, thus being called Populist Measures. This paper will examine the Populist Measures of India and China, comparing them and evaluating their strengths and weaknesses to find out which

Similarities And Differences Of China And India

1505 words - 6 pages similarities, they too acquired distinctive qualities throughout the same categories.To begin with, India and China's political systems had their differences, but they also had significant similarities. In China they had a centralized government, meaning they were ruled by an emperor of a royal family. These emperors controlled China through a bureaucratic system. But before a person can be part of the bureaucracy, they first have to take a civil