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This is an article written by the CBC (April 2013) reporting the common practice of outsourcing jobs to foreign workers by Canadian banks. It points the finger particularly at RBC and its close relationship to iGate, a foreign IT company, which receives 11% of its revenue from RBC. Canadian Bank outsourcing is kept very private, therefore it is difficult to identify how many Canadian jobs have actually been lost. In 2012, at least 45 Canadian jobs at RBC were lost, and at CIBC, at least 41. This has resulted in fewer full-time positions and the banks have offered very little support for lay-offs.

Salman Sakir's article is relevant to the issues raised in Friedman's book The World is Flat in which Friedman in a sense laments over the impact of globalization upon the developed countries, the USA for him, because the developing countries like Brazil and Asian countries like China and India have a massive work labour influence upon the West. Sakir focuses on both the positive and negative aspects of globalization, one of the five forces in Gratton's The Shift and a form of global economy as discussed by Stanford in his Economics for Everyone. Because of low wage and easy availability of experts/labour in the developing countries, foreign investments have been attracted by those Asian and developing countries where the jobs have been created for the locals. On the other hand, the citizens of the developed counters of the West and the North America have consumed the products from the developing countries in a reasonably lower price. Poverty ratio has been decreased in the developing countries which have also been integrated by the phenomenon of globalization. These are positive impacts. But in the developed countries, manufacturing industries have been moved out. so unemployment rate is ever increasing, Sakir highlights these aspects of globalization in this article.

This article explores how, although outsourcing has not reduced the number of jobs available in Canada as much as people once feared, it does however impact the wages available in Canada as companies now have stronger bargaining power.