Overseas Counterparts? Compare and Contrast Article Review

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Offshoring skyrocketed post-2003, and China and India's labor source has made substantial encroachments in the high-tech industry via American corporations' decision to outsource more labor.

There is little question that offshoring produces short-term gains for manufacturers. Offshoring to China can result in 30% to 40% cost reductions. But consumers do not always reap the benefits of low labor costs. "The furniture industry's experience is particularly telling. Despite the surge of low-priced chairs, tables, and similar products from China, the BLS is reporting that the import price of furniture has actually risen 6.7% since 2003."

Mandel and Endgardio's article is an implied critique of the way that the United States values its domestic industries and the culture of free reign capitalism in the U.S. Even free trade zones such as the European Community have instated certain protections for historically important industries and goods (such as agriculture) and Japan was notoriously protectionist while successfully building up its automotive industry.

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It could be argued that intellectual capital for the United States should be treated like a treasured resource and not casually outsourced.

Although free trade has become a kind of mantra of past administrations, providing financial and tax incentives for companies that keep R&D and other critical operations within the nation's borders might address some of the issues touched upon by Mandel and Engardio. Furthermore, it is essential that the U.S. gain a more clear-sighted view of its productive capabilities. "If domestic productivity growth has been overstated for the past few years, that suggests the nation's long-term sustainable growth rate may be lower than thought… in terms of trade policy, the new perspective suggests the U.S. may have a worse competitiveness problem than most people realized.

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