Outsourcing ban: Who gets hurt?

May hurt China more than India
President Obama’s statement to the joint session of the US Congress on ending tax breaks for corporations that ship jobs overseas so as to restore a sense of fairness and balance to the tax code may seem alarmist to some. However, it was made to stem the increasing job losses and curtail the negative sentiment that may be setting in the country.

If Obama follows through with the announcement in the budget, the move may hurt manufacturing and services sector, as without the tax breaks, US companies may find it less attractive to outsource the jobs overseas. But in the globalisation era, is it possible for large corporations to compete globally without a sourcing strategy built around finding the lowest cost providers? Click here for complete story from 'TheEconomicTimes'.