Tag globalization

Rising oil prices will clobber China economy

China recently lifted their subsidies on fuel prices because it can no longer afford them and because it will force their businesses to become more fuel efficient. Globalization – and this includes out-sourcing manufacturing to China – is highly dependent…

Indiana, India, and globalization

In The World is Flat, Thomas L. Friedman discusses how in our flattening, globalized world, determining just who is getting exploited isn’t always that simple. Consider this. The state of Indiana contracted with an outsourcing firm in India to create…