United states telecommunication firms outsource frequently

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Reference no: EM1381530

China and India dominate the world market in the supply of manufactured product, the USA will be the biggest consumer with high demands.
India is a country that the United States telecommunication firms outsource frequently too due to their low labor costs and common use of the English language. The automotive industry has also taken notice of India's contributions to the industrial world. Honda sees India as an important component on which the global growth rests

Further, this author notes that there are some reasons for India's new strong position on the global market. One example is that the United States and Europe's share of the world's middle class, around 50 percent, will hit a low of about 22 percent by 2030. Asia on the other hand will more than double from 30 percent to 64 percent

What do you think about this? Will our standard continue to drop while others rise?

Reference no: EM1381530

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