Outsourcing- America’s gift to the world?

By Paul

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The latest edition of Foreign Exchange is up, this week focus is on outsourcing in the medical practice;

“Are you going in for X-rays any time soon? Well, guess where they're probably being read? Potentially across the world in Bangalore, India. If you worry about outsourcing, bear in mind that it can save Americans as much as 25% on their hospital bills. You will hear the views of two Indian doctors serving American patients from India.”

Other guests on the show include Clyde Prestowitz and Martin Baily.

Related;

How Long Will America Lead the World?

Accelerating the Globalization of America: The Role for Information Technology

The Economist reviews World Bank’s recent publication of India Development Policy Review.

Interview with the man who told Thomas Freedman that the world is flat.

The wired man of Bangalore;In his latest innovation, N.R. Narayana Murthy, founder of Infosys, retires this month-
"Infosys, he says, is at the top of the tree. It attracts 1.4m job applicants a year. Wages make up just 14% of its costs, so even an annual increase of 15%, say, would reduce margins by only 2.1 percentage points, which can be matched by productivity improvements."

Economic Strategy Institute Blog

Comments


Israel Rivera wrote:

There's a simple formula to find the actual cash cost to you of something purchased with trade dollars: Your actual cash cost is:

(Costs for you to earn a Barter Of America trade dollar) X (the cost of the goods you wish to purchase) + (12%).Let me give an example. You normally sell goods on the network with a 45% cost of goods (i.e. each Barter Of America trade dollar earned costs you 45 cents). Now lets say you saw two identical items one available through a Barter Of America member for $1,000 Barter Of America trade and other available on sale at $799 cash. Buying through Barter Of America costs you 45% X $1,000 + $120 = $570 cash -- a savings of $229 over buying the item with cash!

By Israel Rivera - Israel Rivers - San Diego Life & Fashion Magazine, Barter Of America Trade Company

-- June 15, 2009 3:25 AM


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