Originally Posted by
newKnow
I've got perspective because I took that class just last week. If Walmart were a country it would be among the top 20 in the world (measured by GDP). So, let's not act like India and China are immaterial. Their workers affect the U.S. worker just as much as the workers Walmart employs, whom many of which work in labor camps in China, by the way.
I see you point-we're all connected, but I think you should see mine also. We should use that connection to bring some other countries workers working conditions and pay up, not allow ours to go down.
New K Now
Outsourcing and FDI is the future. But, there is much that can be done in terms of LCR's and VER's.
Again, the US will engage in FDI outflows/inflows with global north countries and that's relevant.
Up until very recently, Wal-Mart was convinced 100% of it's growth would be overseas. The downturn now gives Wal-Mart opportunity in the US. However, most of their growth will be overseas.
In the aviation industry, I don't think you're going to see too many FDI outflows to India or China. Certainly not enough to negate the benefits of business done there. Just look at the airframes and turbofans they're buying from western producers.
If you are studying international business, you will certainly come across this. Are you working on your MBA?
Al