A random collection of things I come across.

Wednesday, December 26, 2007

Destruction (and creation of new) of jobs through globalization

Read the full NY Times article here.

"Globalization is said to create winners and losers. For the Sawants, it created both. And that duality reflects the furious pace at which entire professions are being invented and entire professions destroyed in the rush to modernize India.

There is, on one hand, a national quest under way to excise inefficiencies — to cut out middlemen. As go the letter writers, so go bank tellers as India adopts A.T.M.’s, phone-booth operators as cellphones spread, and rural moneylenders as new Western-style supermarket chains start trading directly with farmers."

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