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Pronunciation: "di-"sin-t&r-"mE-dE-'A-sh&n
Function: noun
: the diversion of savings from accounts with low fixed interest rates to direct investment in high-yielding instruments

How's this sound?

: the diversion of savings from domestic employment resources with low ROI to direct investment in high-yeilding international employment resources

The laymans term for this is called "absolute advantage". Here's a great explanation of this growing issue:

http://www.vdare.com/roberts/us_china_econ.htm

And here's a discussion with the same author with some Indian born economist who keeps making anologies about the past and who never really provides a real answer to how all this offshoring is good for the US economy. It's classic denial vs. a man who is obviously well learned as an economist and merely wants his peers to begin to looks objectively at evaluating many of the current theories who mantain that a company who sends 500 tech support or developer jobs to India creates as many or more well paying jobs from the "disintermediated savings".

http://www.vdare.com/roberts/jagdish_bhagwati.htm
Posted by: jjworleyeoe   Posted on: 07/15/04 You are currently: a Guest | Members login | Terms of Use
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how about if we fire all the guys who did the study  mvaar | 07/15/04
Here's one better  kb0old1978 | 07/15/04
Successful businesses hire far away  Anton Philidor | 07/15/04
Sounds like any business out there  voska | 07/16/04
You're right, when cheap wins...  Anton Philidor | 07/16/04
Pronunciation: "di-"sin-t&r-"mE-dE-'A-sh&n  jjworleyeoe | 07/15/04
I think most of these guys still don't get it  kb0old1978 | 07/15/04
Just curious: who's going to end...  Anton Philidor | 07/16/04
no they are going to learn to be a doctor  Hanover Phist | 07/16/04
Here is a question  middle of nowhere | 07/15/04
friday morning answers  Rembrandt Pussyhorse | 07/16/04
greed  V Sanders | 07/16/04
How About We Outsource To People Who Can Actually SPEAK ENGLISH??!!??!  itanalyst | 07/16/04
Supply and demand...  redstone | 07/16/04
Isn't that what the auto workers and steel workers said 30 years ago?  balsover | 07/16/04
One industry  voska | 07/16/04
You do not automatically lose quality offshore  balsover | 07/16/04

What do you think?

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