Indian information technology

Since institutional voids pervade the talent market in India, however, it is very difficult for foreign companies to capitalize on the same human resources. Multinational soft ware service providers, such as Accenture and EDS, have a hard time sorting talent in a market where the level of people’s skills and the quality of educational institutions vary wildly. In fact, as talent becomes scarcer in urban centers like Bangalore and Delhi, Indian companies will maintain their advantage, because they know how to lure people from India’s second-tier cities better than MNCs do.

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Source:- IIPM Editorial

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The socio-economic regime is not new

The socio-economic regime is not new, and it is not liberal, at least as the concept was understood by classical liberals. In the United States, faith of the general masses in institutions have also been declining steadily, and for very good reasons. A huge gulf has opened between public opinion and public policy, which are rarely reported, though the people cannot fail to be aware that their policy choices are being disregarded. It is instructive to compare the recent presidential elections in the richest country of the world and the poorest country in South America– Bolivia. During the 2004 US Presidential elections, voters had a choice between two men born to wealth and privilege, who attended the same elite university, joined the same secret society where privileged young men are trained to join the ruling class, and were able to run in the election because they were supported by pretty much the same conglomerations of private power. Their programs were similar, consistent with the needs of their primary constituency – wealth and privilege. Studies of public opinion revealed that on a host of major issues, both parties are well to the right of the general population, the Bush administration dramatically so.

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Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative