Wednesday, April 2, 2008

'Offshoring' is just a politically slanted word for describing trade in services'

A tightening jobs market is a powerful engine for poverty reduction

Much has been talked about `fortune at the bottom of the pyramid'. But do we find big corporates discovering the `fortune'? Does it make good economics for the companies?
"At the very bottom of the pyramid there are no fortunes to be made because purchasing power is so low," says Mr Paul Collier, Professor of Economics and Director of the Centre for the Study of African Economies at Oxford University.
"Further up the pyramid, however, there is huge scope for introducing such things as brands," he adds.

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