information technology has had the effect of casting india in a very positive light.
it has given them the ability to employ many college graduates who might not have found work otherwise.
as a consequence of the new very positive view of india, many american companies have transferred thousand of jobs to india.
with all the investment and people earning good salaries, india is seen as a rapidly developing country on the treshold of becoming an industrial nation.
in this case perception is everything. one thing feeds on another and the ball is rolling.
one downside is the in some cases the poor and downtrodden in india has been steamrolled.
land is being summarily taken from many poor people and given to large corporation to build factories, steel mills and industrial parks, without compensation. its like a cruel joke on the poor. this is especially troubling in 2007. you would think companies making millions or billions each year would pay at least the market value for lands needed and taken.
unfortunately there is no time or compassion for the poor.
on the other hand,
many americans have been impacted as they have lost their job to a person in india making one tenth the salary an american might make.
in the long run, our economy will suffer. at some point, we might find ourselves in a position where we might be black mailed. can you imagine if they should ever decide not to provide needed software for something essential.
ibm has taken a little different position the people coding for ibm are their employees. in most of the other cases, the us company contracts with and indian company to do, for want of a better term, piece work.
i suspect it will come to pass where we, americans will be hurt by relying on an a foreign country for essential computer services.
this is all a part of globalization that is today, touted as the way to go. however, for the most part, its just a case of large companies abusing workers under the guise of free trade.
some us senators are coming to see that its not in the best interest of the country and the pendelum is beginning to swing in the other direction. however, we may have given up too much already.|||it is easy IT is a feild which is taking hold of the world economy for instance the worlds richest man is in IT.
on Indian economy its effect can easily be seen through the stock market. today stock markets are being controlled by the computers
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