President Barack Obama is proposing protectionist business measures with regard to creating I.T. jobs in the USA rather than out sourcing in " Bangalore " India.
This seems to be a shortsighted move which may prove to be counter-productive.
Indians may start considering switching over from Coke / Pepsi, McDonald etc. to Indian substitutes. ( We hear that daily more Coke bottles are opened in India than in the USA ). This does create jobs and profits in Atlanta- USA. Microsoft's Operating System works in crores of computers in India. And so on.
Protectionism cannot be a one way street.
May 06, 2009
President Obama's Outsourcing Restrictions May Backfire
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