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Jobs follow the market.

Authors :
Conner, Margery
Source :
EDN. 11/11/2004 Supplement2, Vol. 49, p44-44. 1/2p.
Publication Year :
2004

Abstract

The article discusses the impact of globalization on the engineering profession. Companies that compete in the global market hire technologists from Asia because of engineers. China produces 220, 000 basic engineering graduates a year. Manufacturing output is growing at 8% in emerging markets but only 3% in the U.S. As multinational businesses compete to increase their manufacturing and marketing presence in developing countries, they look to native engineers to take on design and research tasks. Globalization is causing a shift in the location of research, design and development. With the introduction of the Internet, technical jobs can literally be shipped overseas. According to the U.S. Labor Department, the number of jobs that shifted to lower-wage countries in the first quarter of 2004 was 4,633. One reason for the situation is that the outsourcing concept does not match the global economy at present. Outsourcing assumes that the company is located in the U.S. or Europe and subcontracts its technology service to an independent overseas subcontractor that supplies low-wage service workers to replace workers in higher-wage countries requiring the service. India's economy will grow by close to 75% in 2004 due to outsourcing operations.

Details

Language :
English
ISSN :
00127515
Volume :
49
Database :
Academic Search Index
Journal :
EDN
Publication Type :
Periodical
Accession number :
15093089