In The News

Amid US Outsourcing Fears, India’s IT Firms Thrive

Patrick Thibodeau October 17, 2012
In his presidential campaigns, both 2008 and now, Barack Obama has blasted outsourcing and offshoring of US jobs. Such political attention unnerved India’s IT industry, which relies on skilled labor and large numbers of temporary work visas, particularly the H-1B for the US. That visa allows educated foreign workers with US employer sponsors to stay about six years and work in select technical...

Some Silicon Valley-Style Pioneers Head East

Saritha Rai October 3, 2012
Many Indians are wary of starting business on their own. With a poor economy in the West, many are giving up jobs in Silicon Valley to return home and organize their own startups. The emerging economy offers a huge test market along with low costs and dependable workers. The returnees offer “an unprecedented innovation boost,” reports Saritha Rai, but must first overcome “a seeming aversion...

Beyond Factory Floor: China’s Plan to Nurture Talent

Xu Liyan, Qiu Jing September 10, 2012
China is determined to evolve into a global hub for innovation. With climbing college enrollment and a R&D staff exceeding 1.5 million, the nation is reforming its higher-education system, hiring practices and immigration regulations; encouraging cooperation with industry; developing new majors in the sciences in areas like alternative energies and new-materials engineering; and offering...

US Economy – Muscular or Obese?

David Dapice August 16, 2012
The US, with great potential for economic growth, still could rescue the dragging global economy – the country’s energy development, agricultural output, steady labor force, and education programs all offer promise. But the US has immediate challenges, argues economist David Dapice, including rising inequality and high youth unemployment rates. Young workers often bring innovations to workplaces...

7 Reasons to Expect US Manufacturing Resurgence

Farok J. Contractor August 7, 2012
The US may be a service economy, but it’s still the world’s largest manufacturer. There are many reasons to remain bullish on US manufacturing and the American worker, suggests Farok Contractor, professor of management and global business at Rutgers Business School. US firms invest in high-tech equipment, and the US worker is tops in adding value per hour on products. Recent economic difficulties...

Illegal Immigrants in Greece

Andreas Ulrich June 5, 2012
Greece is a favorite point of entry for immigrants seeking to begin new lives in Europe. About 100,000 arrive per year from Iran, Syria, Pakistan, Bangladesh, Afghanistan and Africa – far more than attempt to cross borders in central European states like Germany. The immigrants are unpopular in the troubled economy, and Greece is stepping up security and border patrols. With so many willing to...

What’s Next for Europe?

Alistair Burnett May 23, 2012
Politicians in power since the 2008 financial collapse, regardless of their political stripes, find themselves in peril. Analysis of the recent French and Greek elections followed three lines of thought – that voters soundly rejected strict austerity measures, blamed incumbents, and abandoned mainstream political parties for more extremist leadership, both right and left. The three...