I finally got around to reading the well acclaimed book – The World is Flat by Thomas Friedman. Since I work in the software industry, I am seeing all the changes that are captured in the book and I agree with most of what is called out in the book. My company is also doing a lot of outsouring and offshoring, but I am yet to see the benefits and see more issues than benefits. But on the plus side, I have been able to get my kids to think about their future and the kind of competition that they will encounter in a flat world.
Advertisement
August 24, 2007 at 8:02 am |
Srirram,
The drive towards globalization is happening due to the mutual benefit of all the parties involved, I would say!
With economies in developed countries saturated & matured, they look for options for low cost alternatives in emerging economies and under developed countries. The resources are best utilized in this initiative.
Though the cost of living in India and other emerging markets are increasing due to this, this will eventually happen to any country when the purchasing power of the people increases.
India, however should look beyond outsourcing, in a longer run the technology innovations, R&D efforts will pay more than the outsourcing.
Regards,
Ramesh Natarajan
Dubai
Global Indian
August 24, 2007 at 2:55 pm |
Ramesh,
I totally agree that any globalization will succeed only if it is a mutually beneficial solution to all parties. However, there will be short term loss for the people whose skills are being outsourced and they need to move to higher skill positions. Already in my team, several people have moved in lead roles where they focus more on design and requirements definition.
As you said, the Indian software industry has to move up the food chain and add more value and develop the local market which has tremendous potential.
June 19, 2008 at 1:16 am |
Somehow i missed the point. Probably lost in translation
Anyway … nice blog to visit.
cheers, Assorter.