The following was sent to me as part of new clipping service.
Unfortunately, I do not have a link to the original article.....
>Despite the political outcry over the outsourcing of white-collar jobs to
>such places as India and Ghana, the latest U.S. government data suggest that
>foreigners outsource far more office work to the United States than American
>companies send abroad. The value of U.S. exports of legal work, computer
>programming, telecommunications, banking, engineering, management consulting
>and other private services jumped to $131.01 billion in 2003, up $8.42
>billion from the previous year, the Commerce Department reported Friday.
>Imports of such private services -- a category that encompasses U.S.
>outsourcing of call centers and data entry to developing nations, among
>other things -- hit $77.38 billion for the year, up $7.94 billion from 2002.
>Measuring imports against exports, the U.S. posted a $53.64 billion surplus
>last year in trade in private services with the rest of the world. Under
>government accounting, when a U.S. company opens a technical support center
>in India that handles inquiries from the U.S., that is considered a U.S.
>import of services. When a U.S. lawyer in New York does work for a German
>auto company or a New York investment banker works on a deal for a Japanese
>company, that is an export of services (Michael M. Phillips, The Wall Street
>Journal, page A2).
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John D. Giorgis - [EMAIL PROTECTED]
"The liberty we prize is not America's gift to the world,
it is God's gift to humanity." - George W. Bush 1/29/03
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