FCP Group 6C

I have good things to say about graphic design. It's turning out to be a really awesome field to be in right now. I've read many articles about jobs being sent overseas, but it seems that graphic design will remain in the country. There are so many products out there, saturating one or many marketplaces, and every company wants to have a point of difference from the other. That's where we designers come in. You kind of have to be face to face, though like with my job, location is becoming more and more flexible.

920,000 jobs That’s the number of employees Foxconn has as of 2010. You might not have ever heard of Foxconn however We’ll bet you’ve bought some of their stuff before. Yea. In one campus….ONE CAMPUS. Foxconn has 300,000to 450,000 workers which are employed in Shenzhen China at the Longhua Science & Technology Park, a cramped, walled campus  sometimes referred to as “Foxconn City”or “iPod City”. Covering about 1.16 square miles (3 square km),it includes 15 factories, worker dormitories, a swimming pool, a fire brigade,and a downtowncomplete with a grocery store, bank, restaurants, bookstore, and hospital. While some workers live in surrounding towns and villages, others live and work inside the complex, which broadcasts its own television network, Foxconn TV.

Corporations are escalating efforts to ship out jobs that pay well and build the middle class—and now they are aiming their axes at workers in the nation’s fast-growing white-collar sector.

The U.S. economy has 3.2 million fewer jobs today than it did when President George W. Bush took office, including 2.5 million fewer manufacturing jobs.

In the past three years, nearly one in five U.S. workers was laid off from the job, according to The Disposable Worker: Living in a Job-Loss Economy, a Rutgers University¡V University of Connecticut report released in late July. Among workers laid off from full-time work, roughly one-fourth were earning less than $40,000 annually, the report finds.

synonym for one or more of the following phenomena: the pursuit of classical liberal (or “free market”) policies in the world economy (“economic liberalization”), the growing dominance of western (or even American) forms of political, economic, and cultural life (“westernization” or “Americanization”), the proliferation of new information technologies (the “Internet Revolution”), as well as the notion that humanity stands at the threshold of realizing one single unified community in which major sources of social conflict have vanished (“global integration”).

The study finds that financial integration has increased substantially but the benefits are widely shared by all firms.

Another view holds that better domestic environments can increase the attractiveness of firms to investors, especially foreign ones. Investors able to invest globally will generally offer larger amounts of external financing and lower cost as firms' host country fundamentals improve. Thus, better domestic fundamentals lead to more use of international capital markets under this view.

Economic "globalization" is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. There are also broader cultural, political, and environmental dimensions of globalization.

Although India’s economy has generally been less prone to external forces than many others, we still need to contend with the larger than typical risks in the global economy. These risks harken the need for a new wave of reforms.

In our latest Regional Economic Outlook for Asia, we expect India to grow by about 7½ percent in 2011 and 2012, only marginally below its estimated potential. Even within Asia, India does relatively well in this world.

India is less open to international trade than most other economies in the region. In particular, its rural consumption is fairly insulated from the world economy. More importantly, India’s exports are less dependent on advanced economies,

Next they discovered that they could shed even core functions by hiring them out to companies that could do them more efficiently and, thus, less expensively.

Companies were hired to do collections, customer call centers, and employee benefits. Collectively, this was called outsourcing.

. Both companies, the service provider and the client, profited from the arrangement.

claiming that moving jobs overseas is necessary for them to make a profit.

She has to train her Indian replacement, and a few in her department must go to India to train their replacements in order to get their severance pay. What is this country coming to?” (Dobbs 164-165).  

Advances in communication and transportation technology, combined with free-market ideology, have given goods, services, and capital unprecedented mobility. Northern countries want to open world markets to their goods and take advantage of abundant, cheap labor in the South, policies often supported by Southern elites.

Outsourcing Topic Center