Quotations on Globalization and Outsourcing

"If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business."

Lee Kuan Yew

"Quantitatively, outsourcing abroad simply cannot account for much of the recent weakness in the U.S. labor market and does not appear likely to be an important restrain to further recovery in employment."

Ben Bernanke

(American economist, and the current Chairman of the United States Federal Reserve)

"Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation."

Larry Elder

(American, libertarian radio and television personality)

"The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it."

Alphonso Roy Jackson

(13^th United States Secretary of Housing and Urban Development (HUD))

"The best companies outsource to win, not to shrink. They outsource to innovate faster…"

Thomas L. Friedman (The world is flat)

"In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things."

Janet Yellen

(Chief Economist to President Bill Clinton)

"Outsourcing does not reduce the total number of jobs in America."

Robert Reich

(Secretary of Labor in the Clinton Administration)

"Only 5% of the global population lives in the U.S. That means that 95% of our potential market is outside the U.S. We need to stay engaged with the rest of the world, to keep those markets opened to our farmers, our service industry and our manufacturers – to businesses like yours."

John Snow

(Treasury Secretary, 2004)

"A truly global co. is one that uses intellect and resource of every corner of world. India is a developed country as far as intellect capital and Human Resource is concerned."

Jack Welch (GE)

"Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas."

Jack Welch (GE)

"Globalization is a reality. And this makes most leaders today realize that populist illusions can't be sustained before they collapse into stagnation and leave their political supporters deeply disillusioned. You can't inflate away your troubles or allow mountains of debt to build up if, as a country, you have to make your living in a globally competitive environment... Building prosperity requires caution and patience. It requires time. Populism is a short cut that doesn't work."

Fernando Henrique Cardoso

(34th President of the Federative Republic of Brazil)

"India is an emerging power in IT sector. India is handling most sophisticated projects in the world. I am impressed with the talent we have in our India."

Bill Gates (Microsoft)

"We are expanding our presence in India to take advantage of the ample research and development talent available."

John Chamber (Cisco)

"India can become a major part of dells operation and a major source of human capital that dells take on as a company and we are taking further opportunities to take advantage of skilled labor."

Michael Dell (Dell)

"Every morning in Africa, a Gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a Lion wakes up. It knows it must outrun the slowest Gazelle or it will starve to death. It doesn't matter whether you are a Lion or a Gazelle... when the sun comes up, you'd better be running."

Old African Quote

"They sell us stuff they make cheaper or better, and we sell them stuff that we make cheaper or better. Over time, we all fare better than we would with self-sufficient economies. That's the lure of free trade."

Published in The Missoulian, Mar.14, 2004

"Do what you can do the best and outsource the rest"

Tom Peters

Management Guru

"You cannot do today's job with yesterday's methods and be in business tomorrow."

Nelson Jackson