Wednesday, February 25, 2009

Changing Gloabalization

Obama announced that there would be no tax breaks to US companies that outsource their jobs abroad. Clearly a step to deter US companies from outsurcing their work to other countries. Outsourcing as a strategy has been adopted by companies not only in US but also across the world and its benefits are universally acknowledged. It would be interesting to see if US govt successfully curbs outsourcing by US companies as it gives an oppurtunity for non-US companies to grow financially by getting that competitive edge. Most of top performing companies across various industry verticals are based in US and this might change change soon.

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