7 Articles Worth Reading
7 Articles Worth Reading
Date: Monday, March 21, 2005 2:33 PM
JOB DESTRUCTION NEWSLETTER
by Rob Sanchez
March 21, 2005 No. 1218
Article 1:
http://www.cbc.ca/story/canada/national/2005/03/14/tri-national-report050314.html
Joint security perimeter for North America by 2010: report
The leaders of Canada, Mexico and the United States will discuss a plan
to beef up continental security and speed up movement across their
borders when they meet next week. A report calls for the creation of a
common economic and security community by the end of the decade. The
document's proposals would try to create a secure perimeter around the
continent, while making it easier for people and goods to move across
the shared borders.
Article 2:
http://www.stoptheftaa.org/artman/publish/article_173.shtml
Goodbye to Independence?
Besides driving whole industries and millions of jobs offshore, U.S.
trade agreements are threatening our national independence and freedom.
Completely unbeknownst to the American people, the same international
trade agreements that are causing such economic and social havoc also
are, piece by piece and brick by brick, subjecting us to rule by
subordinate agencies and adjuncts of the United Nations.
Article 3:
http://timesofindia.indiatimes.com/articleshow/1054106.cms
Michael Dell to open third call centre in Mohali
Under 18 months after re-routing its customer calls from India to other
countries on quality complaints, Dell is set to open the third contact
centre in the country. And, a person no less than Michael Dell himself
is expected to open the customer contact centre in Mohali, near
Chandigarh on Monday.
Article 4:
http://www.silicon.com/research/specialreports/offshoring/0,3800003026,39128815,00.htm
Dell creates 300 more jobs in India
Dell plans to open a third customer contact centre in India later this
month. The contact centre, like two others Dell is already operating in
India, will handle telephone calls from consumers in the United States
and elsewhere around the world. The new facility, located in Mohali
near the Chandigarh metropolitan area in India's Punjab province, will
have 300 Dell employees at first, company spokesman David Frink said.
Article 5:
http://www.feer.com/articles1/2005/0503/free/p019.html
The Next Wave Of Offshoring
This is the next wave of globalization, and it is shifting work to
dollar-a-day factory workers and dollar-an-hour white collar workers in
Asia. Alarm bells should be ringing for Americans and, even louder for
Europeans: Fat, rich and spoiled Westerners have for several
generations been shielded from workplace competition with the world's
most populous nations.
"We're now outsourcing investment banking to Mumbai," says Stephen
Roach, chief economist at Morgan Stanley. "I don't know why we would
ever hire another software programmer in New York again."
Article 6:
http://www.nydailynews.com/entertainment/story/286825p-245558c.html
Where the jobs were
Greg Spotts is a man on a mission. Calling himself a citizen filmmaker,
he has financed and directed a stylish documentary, "American Jobs,"
that movingly examines the current "jobless recovery."
Available on DVD, the film takes viewers from Kannapolis, N.C., the
birthplace of Dale Earnhardt and now home to laid-off textile workers,
and into the halls of Congress. Filmed in the spring and summer of
2004, "American Jobs" tackles such complicated issues as the North
American Free Trade Agreement and the visas that allow foreign labor to
replace American workers. It presents these issues simply, largely
through conversations with unemployed workers, all of whom are
articulate, thoughtful and engaging.
Article 7:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/03/19/BUGS1BRRFQ1.DTL
Taking home an MBA
Growing economy lures newly degreed graduate students to return to
China
Overseas students are allowed to stay in the United States for a year
after the completion of their studies, but they need an H1-B visa to
stay longer.
1. +++++++++++++++++++++++++++++++++++++++++++++++++++
http://www.cbc.ca/story/canada/national/2005/03/14/tri-national-report050314.html
Joint security perimeter for North America by 2010: report
Last Updated Mon, 14 Mar 2005 11:48:50 EST
CBC News
WASHINGTON - The leaders of Canada, Mexico and the United States will
discuss a plan to beef up continental security and speed up movement
across their borders when they meet next week.
INDEPTH: Continental Divide
A report calls for the creation of a common economic and security
community by the end of the decade. The document's proposals would try
to create a secure perimeter around the continent, while making it
easier for people and goods to move across the shared borders.
The proposals contained in the report are expected to be a part of the
discussions when Prime Minister Paul Martin and Mexican President
Vicente Fox meet with U.S. President George W. Bush at his ranch in
Crawford, Texas.
The report was jointly sponsored by the U.S. Council on Foreign
Relations, the Canadian Council of Chief Executives and the Mexican
Council on Foreign Relations.
Among its chief recommendations:
Unified visa and refugee regulations.
Joint inspection of container traffic at ports.
An integrated terror watch list.
Biometric border passes to allow freer movement at borders and customs
sites.
Joint energy and natural resources strategies.
A strategy to stimulate Mexican economic development.
If the three leaders manage to agree in principle to some of the
report's recommendations, further discussions would be required to
hammer out the details.
Greater continental integration could be opposed in all three
countries. A North American economic community could make some
Canadians nervous about the country's sovereignty.
Mexicans could worry about a U.S. grab of natural resources.
Some Americans, on the other hand, could be concerned about their
partners' commitment to continental security.
The task force that prepared the report was chaired by former deputy
prime minister John Manley, former Mexican finance minister Pedro Aspe
and former Massachusetts governor William Weld.
2. +++++++++++++++++++++++++++++++++++++++++++++++++++
http://www.stoptheftaa.org/artman/publish/article_173.shtml
Goodbye to Independence?
By William F. Jasper
The New American, February 7, 2005
Besides driving whole industries and millions of jobs offshore, U.S.
trade agreements are threatening our national independence and freedom.
The Jolly Green Giant has been a landmark around Dayton, Washington,
for generations. But he does not seem so jolly these days. In fact, the
fading outline of the 300-foot tall brand name icon is barely visible
now on the hillside above town. This June, Daytons asparagus
cannery, the worlds largest, will see its last season. Seneca Foods,
which cans about half of the states $30 million asparagus crop for
General Mills Green Giant label, is closing the Dayton plant and
moving operations to Peru.
For this proud farming town, with a population of about 2,700, and for
the whole surrounding county, the closure is a huge blow. For 70 years,
the cannery has been the areas biggest employer and biggest
taxpayer. It provided 50 year-round jobs and 1,000 seasonal jobs during
the summer harvest months. The closure will also mean the end of about
2,000 seasonal jobs in the asparagus fields across southeastern
Washington.
In 2003, Seneca Foods closed its other asparagus cannery in Walla
Walla, about 30 miles south of Dayton. Around the same time, Del Monte
Corporation closed its asparagus cannery in Toppenish, Washington.
Those jobs also have gone to Peru. Without these processing plants to
take their crops, asparagus farmers have been forced to plow under
thousands of acres of expensive asparagus fields. In Washington, which
has been second only to California in asparagus production, asparagus
farming will soon be a thing of the past.
The fate of Washingtons asparagus industry was sealed when Congress
passed the Andean Trade Preferences Act in 1991, eliminating tariffs on
products from Peru, Bolivia, Colombia, and Ecuador. In addition to
doing away with the tariffs, the U.S. government has sent billions of
dollars in direct foreign aid to these Andean countries and billions
more in loans, credits, and grants through the IMF, World Bank, and
Inter-American Development Bank. With no tariffs, massive assistance,
and a huge wage differential -- $5 per day in Peru, versus $7.35 per
hour in Washington, for field and cannery workers -- its little
wonder that Peru has quickly captured much of the world asparagus
market.
Its an all too familiar story. For the past two decades, all across
America, communities and whole industry sectors have been devastated by
federal aid and trade policies. Thousands of factories, mills,
processing plants, and offices have shut down and moved to foreign
lands. Virtually everything produced (or once produced) in America,
from basic necessities to hi-tech products, has been dramatically
affected by fraudulent "free trade" agreements.
But this is not a story about "free trade" versus "protectionism." As
this magazine has made clear in many previous articles, that trade
debate has lost all meaning because the terms and definitions have been
totally corrupted. Genuine free trade is brought about by removing
government-imposed obstacles to commerce among willing buyers and
sellers. But the profusion of so-called free trade agreements that have
erupted onto the world scene over the past few years have been taking
us in the opposite direction. They are massive regulatory monstrosities
thousands of pages long. They are creating an edifice of supranational
government, at regional and global levels, that increasingly is
overriding our national and state laws, our Constitution, and our
national independence.
Hidden World Government Trap
Completely unbeknownst to the American people, the same international
trade agreements that are causing such economic and social havoc also
are, piece by piece and brick by brick, subjecting us to rule by
subordinate agencies and adjuncts of the United Nations. (See article
on page 17.) This development is especially amazing in view of the fact
that public support for the UN has hit an all-time low.
Recent exposis of the massive corruption in the UNs oil-for-food
program, together with other UN scandals and the UNs notorious
anti-American bias, have stirred a swelling of popular support for
efforts opposing the UN. In this present anti-UN climate, not even the
most liberal-left, internationalist congressman or senator would dare
propose publicly that control over U.S. domestic issues be transferred
to the UN, or that the UN be made into a fully-functioning world
government with legislative, executive, and judicial powers. They know
that would be political suicide.
This political reality, however, has not stopped internationalist
politicians and their one-world sponsors from pursuing their world
government agenda. It has simply forced them to be more devious. They
are patiently building world government piecemeal through a host of
treaties and conventions on the environment, human rights, children,
education -- and especially trade.
Trade agreements such as the North American Free Trade Agreement
(NAFTA), the General Agreement on Tariffs and Trade (GATT), and the
GATT Final Act, which created the World Trade Organization (WTO), have
been designed specifically to destroy national independence and
establish the basis for regional and global government. Pending trade
agreements, such as the Central American Free Trade Agreement (CAFTA)
and the Free Trade Area of the Americas (FTAA), have been crafted to
accelerate this betrayal of Americas independence.
This entire sellout process has been very consciously, methodically
planned and implemented over the past several decades. The game plan
was divulged over 30 years ago, in an astounding admission that
appeared in the April 1974 issue of Foreign Affairs, the house journal
of the New York-based Council on Foreign Relations (CFR). In an essay
entitled "The Hard Road to World Order," Columbia University Professor
Richard N. Gardner, a leading CFR planner (and later a key adviser to
Presidents Jimmy Carter and Bill Clinton, as well as adviser to the
UN), explained to fellow globalists that the UN could not impose world
government through an "old-fashioned frontal assault." Instead, he
said, "the house of world order will have to be built from the
bottom up rather than from the top down." It would have to be built
piecemeal, through "an end run around national sovereignty, eroding it
piece by piece."
Gardner approvingly noted that the march toward "world order" was
progressing "even as nations resist appeals for world government
and the surrender of sovereignty," thanks to the leadership
provided by the CFR elite. Gardner also listed 10 important programs
key to advancing the world government agenda. Number two on that list,
following the International Monetary Fund, is the GATT/WTO, through
which, said Gardner, trade policies will "subject countries to an
un-precedented degree of international surveillance over up to now
sacrosanct domestic policies."
To the outsider, said Gardner, this process "will look like a great
booming, buzzing confusion." But to Gardner and his fellow
Insiders, there was clear design in the chaos. To the outside observer,
the various moves would appear to be independent, unconnected
initiatives, not part of a grand chess strategy. But Gardner left no
doubt that there was indeed a grand strategy behind the planned
confusion. "In short," he wrote, "the case-by-case approach can produce
some remarkable concessions of sovereignty that could not be
achieved on an across-the-board basis."
That is precisely what has been happening in the 30 years since Prof.
Gardner penned those words. One-world internationalists masquerading as
both Republicans and Democrats (in Congress and the White House) have
been implementing the treasonous policies he outlined. These policies
have caused untold personal tragedy to farmers, businessmen, and
workers. However, the greater tragedy that has gone unreported and
unlamented is the immense damage that is being done to our Constitution
and our national independence. Farms, businesses, and whole industries
can be rebuilt. But what will we do if we lose our country? And we are
in the process of losing it. Not to an invading foreign army, but to a
cabal of globalists who are betraying their oaths of office.
Does this sound too fantastic to be true? We wish that were the case.
But if this is news to you, we can assure you that you are not alone.
Far too few Americans are aware of the fact that international
bureaucrats, legislators, and judges already are busily rewriting our
laws and building the "house of world order," meaning, the world
government described by Richard Gardner.
New "Law of the Land"
This startling fact was brought home last year when an international
tribunal set up by NAFTA overruled the Supreme Judicial Court of
Massachusetts and the U.S. Supreme Court. "NAFTA court is law of the 3
lands," proclaimed the headline in the Sacramento Bee on April 18,
2004. The subtitle of the article read: "Obscure tribunals are the last
word on trade spats involving U.S., Canada and Mexico." The story,
which was taken from the New York Times, reported on a lawsuit brought
by a Canadian real estate company against Massachusetts. The
Massachusetts high court had ruled against the Canadian firm, and the
U.S. Supreme Court had declined to hear the companys appeal. Case
closed, right? Not anymore.
The Canadian company, Mondev International, appealed the decision to a
NAFTA court. American jurists and politicians expressed amazement at
this development. "To say I was surprised to hear that a judgment of
this court was being subjected to further review would be an
understatement," said Massachusetts Chief Justice Margaret H. Marshall.
"This is the biggest threat to United States judicial independence that
no one has heard of and even fewer people understand," John D.
Echeverria, a law professor at Georgetown University, told the Times.
"Its basically been under the radar screen," Peter Spiro, a law
professor at Hofstra University, said. "But it points to a fundamental
reorientation of our constitutional system. You have an international
tribunal essentially reviewing American court judgments." Professor
Spiro has been one of the leading advocates of this subversive process
and has written unabashedly in the CFRs Foreign Affairs in favor of
overthrowing "the edifice of sovereignty" and subjecting the U.S. to a
"broad array of international regimes."
Prof. Spiro and his kindred spirits at the CFR believe, as the
Sacramento Bee headline indicates, that rulings by international
tribunals become "the law of the land." So, apparently, do President
George Bush and California Governor Arnold Schwarzenegger, both of whom
have caved in to the supposed authority of NAFTA and WTO judges. Last
year the California Legislature passed a bill to help the state dispose
of millions of scrap tires by recycling them into asphalt for road
construction. Mexican rubber producers claimed this was a violation of
NAFTA. Gov. Schwarzenegger, citing the supposed supremacy of NAFTA,
vetoed the bill. Likewise, President Bush has cited the supposed
supremacy of "international law" when knuckling under to rulings by the
WTO against U.S. cotton farmers and steel producers.
Yet, according to the U.S. Constitution (Article VI), which all of our
elected and appointed officials have been sworn to uphold and defend,
it is the Constitution which is the "supreme law of the land" -- not
trade agreements or treaties that conflict with the Constitution.
The proponents of NAFTA, GATT, WTO, and other trade regimes have been
very careful to keep this side of their program hidden. According to
the Sacramento Bee/New York Times story cited above, "The part of NAFTA
that created the tribunals, known as Chapter 11, received no
consideration when it was passed in 1993." The Times story went on to
quote Senator John Kerry. "When we debated NAFTA," said Kerry, "not a
single word was uttered in discussing Chapter 11. Why? Because we
didnt know how this provision would play out. No one really knew
just how high the stakes would get."
But Senator Kerry and other members of Congress who voted for NAFTA
cannot exculpate themselves through pleas of ignorance. Senator Kerry
is a longtime member of the CFR, the internationalist organization that
has led the campaign to submerge U.S. sovereignty in global government
for almost the entire past century.
It is important to note that the CFRs NAFTA promoters consciously
followed the subversive model that had already proven so successful in
Europe. The councils leading members served as architects of the
European Common Market and carefully shepherded that project through
decades of gradual, deceptive transformation from a reputed free-trade
agreement into the current European Union. Documents now show that the
Common Market advocates planned from the very beginning to build a
centralized, supranational, socialist government that would overwhelm
its member nations. That objective has almost been completed; the EU is
in the final stages of transferring all significant legislative,
executive, and judicial powers to unaccountable bureaucrats and
institutions. Once the new EU Constitution is ratified, virtually all
remaining vestiges of national sovereignty will be extinguished. Many
of the same globalists are now using their experience gained from
building the EU to do the same thing in this hemisphere through NAFTA,
FTAA, and other trade agreements.
Lies, Deception, Obfuscation
Some of NAFTAs most fervent apostles have admitted that NAFTA is
indeed an assault on Americas independence. In a 1993 pro-NAFTA
article written for the Washington Post after NAFTA passed, William
Orme, Jr. pointed out that when NAFTA was first proposed, "critics in
all three countries claimed that its hidden agenda was the development
of a European-style common market." Mr. Orme, a contributor to the
CFRs Foreign Affairs and author of Continental Shift: Free Trade and
the New North America, acknowledged that these critics were correct,
even though NAFTA proponents had acted as if such concerns were loony.
Orme noted:
Didnt Europe also start out with a limited free trade area? And,
given the Brussels precedent, wouldnt this mean ceding some measure
of sovereignty to unelected bureaucrats? Even worse, would this lead to
policy making in many other sensitive areas, from monetary policy
and immigration to labor and environmental law?
NAFTAs defenders said no. They argued that the agreement is designed
to dismantle trade barriers, not build a new regulatory bureaucracy.
NAFTA, declared one congressional backer, "is a trade agreement, not an
act of economic union."
Yet the critics were essentially right. NAFTA lays the foundation for a
continental common market, as many of its architects privately
acknowledge. Part of this foundation, inevitably, is bureaucratic: The
agreement creates a variety of continental institutions -- ranging from
trade dispute panels to labor and environmental commissions -- that
are, in aggregate, an embryonic NAFTA government. [Emphasis added.]
Along the same lines, British journalist and commentator Sir Peregrine
Worsthorne is but one of many knowledgeable observers who have
commented on the fact that the EU would never have made it off the
ground if its proponents had honestly proclaimed their intentions.
"Twenty years ago, when the process began, there was no question of
losing sovereignty," he wrote in a 1991 column for Britains Sunday
Telegraph. "That was a lie, or at any rate, a dishonest obfuscation."
Mr. Worsthorne was being charitable. Literally every step along the way
-- from the initial creation of the European Coal and Steel Community
in 1951 to its transformation into the European Economic Community
(Common Market), then into the European Community and, now, the
European Union -- has been laid amid a non-stop deluge of lies and
obfuscations.
The same can be said for the campaign to pass NAFTA a decade ago, as
well as for the current deception campaigns aimed at stampeding the
Central American Free Trade Agreement (CAFTA) and the Free Trade Area
of the Americas (FTAA) through Congress before the grave dangers they
pose can become widely exposed. These proposed agreements would
"broaden" NAFTA, expanding it southward to bring in as new members all
the countries of Central America and then South America and the
Caribbean. These agreements (following the EU process) would also
"deepen" our entanglements -- politically, economically, and socially
-- with our hemispheric neighbors.
In the globalese spoken by internationalists, broadening and deepening
are essential components of regional "integration," a process aimed at
achieving full merger under a regional government. Our national, state,
and local governments would become mere administrative units of
regional -- and ultimately, global -- institutions. Of course, the
advocates of broader and deeper integration do not normally come right
out and forthrightly announce to the public what this will actually
mean, in terms of destroying national independence, constitutional
checks and balances, and the separation of powers. Nor do they craft
unequivocal public documents that clearly set forth their full game
plan for all to see.
As Mr. Worsthorne noted, integration is not a one-time event clearly
defined in a single agreement or document, but an ongoing subversive
process. The agreements are very complex, open-ended, purposely vague
frameworks that set evolving standards, regulations, and norms.
Following this model, the documents creating NAFTA amount to a mammoth
1,700 pages of legalese and government intervention. The WTO Agreement
claims that the WTO has "exclusive authority" over thousands of pages
(26,000 pages at the time of passage, many more thousands have been
added since) of regulations!
Thus, last year when the U.S. government cracked down on Internet
gambling, the tiny island nation of Antigua and Barbuda (population
68,000) protested to the WTO that this violated its trade rights. Not
surprisingly, the WTO has ruled in favor of Antigua and Barbuda. The
Bush administration feebly protested that it never intended to yield
jurisdiction over domestic Internet gambling when it signed onto the
General Agreement on Trade in Services. We already are losing control
over our own country, our communities and our lives. This is set to
explode exponentially, as the "EU process" kicks in through the
multiplying trade pacts being pushed by the administration.
Unlike constitutions, which normally aim at protecting citizens from
the power of government, the EU documents show an unbroken pattern of
concentrating and centralizing power in the EU institutions in
Brussels, at the expense of national and local governments and the
rights of citizens. There is now an EU Central Bank, an EU currency
(the euro), and an EU army. The one-world socialists who run the EU
have arrogated unto themselves power over almost every area of life:
taxes, elections, education, agriculture, fishing, civil and criminal
law, defense policy, fiscal and monetary policy, abortion, homosexual
rights, transportation, financial services, immigration, weights and
measures, environment, labor, health care, welfare, foreign aid -- you
name it.
The European Commission, the body that exercises executive authority in
the EU, has become a sort of super Soviet Politburo, running roughshod
over national laws and constitutions. When national governments
challenge or violate an EU edict or "norm," the commission takes the
matter to the European Court of Justice, which reliably (90 percent of
the time) rules in favor of the EU. Hence, when former Soviet dictator
Mikhail Gorbachev approvingly remarked, during a March 2000 visit to
London, that the EU is "the new European Soviet," he was, in that
instance, speaking the truth. And though the face of socialism in the
EU is relatively benign (relative to the Soviet-style boot-in-the-face
socialism, that is) at the moment, there can be little doubt, by anyone
who is closely observing EU developments, that the steady accumulation
of power in the EU institutions is taking Europe toward the despotic
abyss.
EU: Model for NAFTA, FTAA
It is not a matter of idle speculation that NAFTA and the FTAA have
been consciously modeled after the EU. The two leading political
champions of the agreements, U.S. President George W. Bush and Mexican
President Vicente Fox, have each publicly and enthusiastically endorsed
an EU-style "common market" for this hemisphere. At the 2001 Summit of
the Americas in Quebec, President Bush announced that the FTAA accord
was a top priority for his administration, so that "we can combine in a
common market." The New York Times accurately noted at the time that
this would be a "complex task," and went on to state: "The biggest
problem comes down to one word: sovereignty."
In a May 16, 2002 speech in Madrid, Spain, Mexican President Vicente
Fox said his long-range objective was the creation of "an ensemble of
connections and institutions similar to those created by the European
Union" -- but only if internationalists could defeat "what I dare to
call [the American peoples] Anglo-Saxon prejudice against the
establishment of supra-national organizations."
We know from the admissions -- verbal and in writing -- of key
NAFTA/FTAA proponents that they fully intend to follow the EU path all
the way to forming a regional supranational government.
The FTAA campaign was officially launched at the Miami Summit of the
Americas in 1994, as an immediate follow-up to the successful passage
of NAFTA. Thomas "Mack" McLarty (CFR), President Clintons chief of
staff and major overseer of the Miami event, candidly noted at the
time: "This is not a trade summit, it is an overall summit. It will
focus on economic integration and convergence." That is precisely what
happened. With the FTAA as its "central component," the summit
initiated a broad plan for regional merger on programs ranging from
education and health care to crime, infrastructure, energy, and
environment.
Robert A. Pastor (CFR) wrote in Foreign Affairs last year that "NAFTA
was merely the first draft" of a new "constitution for North America."
In spite of many similar admissions -- which visibly track with the
observable reality of the unfolding process -- the vast majority of
public utterances by FTAA Insiders are aimed at conveying exactly the
opposite impression, i.e., that the FTAA is only about trade.
But in their own private circles, the one-world elite are more frank.
Top CFR strategist and Dean of International Affairs at Princeton
University Anne-Marie Slaughter refers to the regional EU-style
subversive networking by globalists in various branches and levels of
government as "transgovernmentalism." In her essay in the CFR journal
Foreign Affairs, entitled "The Real New World Order," Professor
Slaughter declared that "transgovernmentalism is emerging as the real
new world order, rapidly becoming the most widespread and effective
mode of international governance." What she means is that dedicated
activists in various countries are working with their foreign
counterparts intentionally and subversively to erode and destroy
national borders and the checks and balances built into national
constitutions -- without arousing the opposition that would result from
an open frontal assault through the United Nations. The new global
networks, she says, "work with their subnational and supranational
counterparts, creating a genuinely new world order in which networked
institutions perform the functions of a world government --
legislation, administration, and adjudication -- without the form."
Slaughter is especially inspired by the transgovernmental destruction
of national sovereignty in Europe performed by left-wing judges
networking at the national and EU levels. And she sees the same
exciting potential for our hemisphere in the Supreme Courts of the
Americas Organization, formed in 1995.
Fernando Carillo Flsrez, an official with the Inter-American
Development Bank (IDB), approvingly cites Slaughter in an article for
the St. Louis University Law Journal, where he makes this astounding
statement: " The Supreme Courts of the Americas Organization (SCAO) is
the best example of the kind of relationship that today joins common
purposes and destroys the imaginary frontiers that the nation-state has
left as a legacy. They are expressions of the world order, with
potential to create supranational jurisdiction and goals. The judicial
powers must prepare to conform to these types of new roles and the
creation of SCAO is a good example of the path to be taken." (Emphasis
added.)
Its hard to get much more blatant than that! Mr. Carillo is a high
official of the IDB, which is one of the three organizations that make
up the FTAA Tripartite Committee, the official administrative body of
the FTAA. And he is praising SCAO as a subversive judicial activist
organization that helps destroy national sovereignty!
Fortunately, there is growing awareness of and alarm over the very
serious and imminent threat that NAFTA, CAFTA, FTAA and other FTAs
(Free Trade Agreements) pose to our freedoms and our continued
independence. Much of the credit for this growing awareness and
mounting opposition is due to the efforts of The John Birch Society,
which launched an intensive nationwide Stop the FTAA campaign last
year. This year was set as the target year for establishing the FTAA.
Members of Congress are being lobbied heavily by the White House and
special interests to rush this through. All sides agree that this
battle is too close to call and that the outcome will be determined by
the efforts of those who are involved in the immediate months ahead. If
you are not already participating in the Stop the FTAA campaign, there
is not a moment to lose.
3. +++++++++++++++++++++++++++++++++++++++++++++++++++
http://timesofindia.indiatimes.com/articleshow/1054106.cms
Michael Dell to open third call centre in Mohali
SANJAY ANAND
TIMES NEWS NETWORK[ THURSDAY, MARCH 17, 2005 12:05:31 AM ]
Sign into earnIndiatimes points
NEW DELHI: Under 18 months after re-routing its customer calls from
India to other countries on quality complaints, Dell is set to open the
third contact centre in the country.
And, a person no less than Michael Dell himself is expected to open the
customer contact centre in Mohali, near Chandigarh on Monday. This will
be Dell's third visit to India, although a brief one.
He is expected to come in directly to the city. Dell is likely to
return from the city the same day. Apart from the inauguration of the
centre, along with Punjab CM Amarinder Singh, Dell is expected to hold
a brief press conference.
Dell already employs about 6,000-7,000 people in the other two centres,
Bangalore and Hyderabad. The company had opened its first India
customer centre in Bangalore in 2001, which also expanded to include
Dell's product group as well as global software development centre
operations.
4. +++++++++++++++++++++++++++++++++++++++++++++++++++
http://www.silicon.com/research/specialreports/offshoring/0,3800003026,39128815,00.htm
Dell creates 300 more jobs in India
John G. Spooner
CNET News.com
March 18, 2005
Dell plans to open a third customer contact centre in India later this
month.
The contact centre, like two others Dell is already operating in India,
will handle telephone calls from consumers in the United States and
elsewhere around the world.
The new facility, located in Mohali near the Chandigarh metropolitan
area in India's Punjab province, will have 300 Dell employees at first,
company spokesman David Frink said.
The centre is being opened to support Dell's huge growth of late. The
company is now the world's largest PC maker over Hewlett-Packard. But
Dell has experienced growing pains in the recent past, causing some
customers to criticise its service and support.
The company's India operation has, at times, been at the centre of
those accusations by both consumers and businesses, with each sometimes
complaining of lacklustre service. Dell responded by taking measures
such as rerouting some tech support calls from businesses to its US
support technicians. Company executives also have said Dell invested in
more training for its India staff. As a result, Dell's support has
recently received better marks from businesses. Executives say its
India service also has improved.
Dell, along with other large companies, has been chided for hiring
numerous employees overseas, making the move to open a new call centre
in India a potentially controversial one for the PC maker. But the
company's top executive has shot back at those charges by pointing out
that it also has added numerous jobs in the United States.
Kevin Rollins, Dell's CEO, said he feels it's important for Dell
offices and factories to be located close its customers for logistical
reasons. The cost of moving a PC around is much higher than the cost of
building it, he has said.
But Rollins also feels strongly about raising the standard of living in
the emerging markets Dell enters by providing good jobs to locals.
"If we're going to develop markets, we certainly ought to develop their
people as part of the process," he said at an appearance in Boston last
November. "Our model is to get close to the customer. It's not
offshoring to go to India. It's going where the customers are."
Dell's employee roster has risen by about 9,200 to around 55,200
employees, with the majority of those people, about 30,600, located
outside of the United States, according to the company's latest annual
report. The figures reflect international growth - a major engine for
Dell's overall growth. But the Texas-based PC maker also has
established several new facilities near customers in the United States
of late.
Its next PC factory, for one, will be located in North Carolina. Dell
recently broke ground for the plant, which it expects to begin turning
out desktop PCs in September and to employ about 1,500 people within
five years.
The company also has opened a call centre in Oklahoma City, along with
a distribution centre in Westchester, Ohio. In addition, it has added
customer contact centres in Edmonton, Alberta, and in San Salvador, El
Salvador, within the last year.
5. +++++++++++++++++++++++++++++++++++++++++++++++++++
http://www.feer.com/articles1/2005/0503/free/p019.html
The Next Wave Of Offshoring
By Robyn Meredith
As Sumer Shankardass is driven through Bombay, barefoot beggars tap on
his car windows at stoplights, asking for money, but the 36-year-old
Indian entrepreneur ignores them. He is concentrating. A press release
issued in London has caused his cell phone to beep half a world away.
He glances at the text message on his phone and breaks into a
victorious grin. He leans over to tell the others in the car the good
news: Norwich Union, the large British insurance company, is laying off
900 people in the United Kingdom.
Mr. Shankardass knows these jobs -- and 3,000 others which were
subsequently earmarked by Norwich for offshoring -- are headed for
India. That can only mean good news for wns Global Services, the Indian
outsourcing company where he works as a senior vice president. In 2004,
his was one of three India-based companies awarded outsourcing
contracts by Norwich's parent company, Aviva.
On the other side of Asia, in a new Shanghai technology park that is
home to scores of Chinese and foreign tech companies, Jun Qian, 29, is
tapping away at his keyboard, seemingly oblivious to the China where
his parents grew up-a place where an education wasn't allowed, where
prosperity could get you killed. Told that American managers like him
earn 10 times as much, he shrugs. Even if he were given the chance to
move to America, he says he'd stay in China. "I'm focusing on the
future," he says. "We have a lot more opportunities here."
Around the world, a quiet revolution is taking place. It wasn't
planned, it isn't political. But it is steadily marching, some might
say leaping along, and-even if we wanted to-it can't be stopped. The
revolution's name is offshoring, and while the concept is not
new-manufacturing jobs have been moved to countries such as China and
Mexico for years-what is different of late is the huge number of
white-collar jobs that are being relocated abroad, and at a tempo and
scale never witnessed before.
And it's just starting. Over the next decade, offshoring will knock
millions of white-collar Americans and Europeans out of work, blowing a
hole in the middle class from Los Angeles to London, from Boston to
Berlin, from Toledo to Tokyo, from Austin to Amsterdam.
"I don't think most people appreciate the magnitude of the change in
the world's workforce," says Intel's chief executive, Craig Barrett.
"Over the next 10 years you are going to see major, major dislocation,"
he warns. He should know. Intel is hiring thousands of new workers
overseas.
Big and small companies alike in industry after industry have done the
math and are rushing to move even their most specialized jobs to Asia
to cut wages by between half and four-fifths. "We're now outsourcing
investment banking to Mumbai," says Stephen Roach, chief economist at
Morgan Stanley. "I don't know why we would ever hire another software
programmer in New York again."
In earlier years, offshoring, or the substitution of foreign for
domestic labor, meant that an American dialing a toll-free number
caused a phone to ring in India, or a German sending an e-mail to
Microsoft got a reply from China. Now it means that sophisticated
computer programs, once written in Silicon Valley, are coded in
Bangalore. Medical X-rays, previously read by doctors in Frankfurt, are
now being analyzed by medics in New Delhi. Bank clerks are crunching
numbers in India and sending them electronically to New York. Material
for animated movies is created now in Hyderabad, not Hollywood.
This is the next wave of globalization, and it is shifting work to
dollar-a-day factory workers and dollar-an-hour white collar workers in
Asia. Alarm bells should be ringing for Americans and, even louder for
Europeans: Fat, rich and spoiled Westerners have for several
generations been shielded from workplace competition with the world's
most populous nations. As both China and India open to the world for
business, and advanced communications technology becoming more and more
widespread, some one billion workers have suddenly been added to the
world's labor pool. With an increase in the number of Asians qualified
for white-collar jobs, people in the industrialized nations are
suddenly discovering their high Western wages are no longer
competitive.
There is no single, authoritative source on the number of U.S. jobs
lost to offshoring. In recent years, about 100,000 software-writing
jobs have moved from the U.S. to India alone, according to the Economic
Policy Institute. Those jobs would have paid a combined $136 billion a
year in wages. By the end of 2005, one of every 10 jobs at U.S.
information technology vendors and service providers will have moved
offshore, according to data from the Bureau of Labor Statistics,
Gartner and Morgan Stanley. Another 400,000 back-office jobs have
already moved offshore and 3.3 million should move by 2015, according
to Forrester Research.
Vivek Paul, vice chairman of Indian IT giant Wipro, figures that over
the next five years, 7% of U.S. white-collar jobs could be moved
overseas, and a whopping 60% of software jobs. "There's very little
economic rationale for having those jobs in the U.S.," he says.
Here's the extent of the good news for middle-class America: If history
is any guide, just over a third of those who are laid off because of
offshoring will quickly find a new job and be no worse off, according
to consultants McKinsey & Co. Just over half will have to take pay cuts
of at least 15%. A quarter of those laid off will take pay cuts of at
least 30%.
European workers are even in worse trouble: those who lose jobs there
are only half as likely as Americans to find new jobs within six
months, according to McKinsey.
European companies have traditionally lagged behind their U.S.
counterparts in offshoring, but there is new evidence to show that this
is changing. According to a survey of 500 companies conducted last year
by the United Nations Conference on Trade and Development and
consultants Roland Berger, four out of 10 European firms have begun to
relocate service operations offshore, with 40% of all projects going to
Asia, especially India.
Yet European companies seem to be all too aware of the obstacles they
face in fully embracing offshoring, chief among them tougher labor laws
makes bidding adieu to unwanted staffers more difficult than is the
case in the U.S. Add to that the need to serve customers in languages
other than English, and the complexities of offshoring for European
firms become apparent. Yet, they will have to overcome these
difficulties, or lose out to their leaner U.S. competitors that have
already shed droves of jobs at home.
For Chicago techie David Huber, it is hard to be philosophical about
how Asia's rise is changing the currents of the global economy. To him
and others whose jobs can easily be moved abroad, the changes are all
too personal. His last full-time computer-programming job paid $82 an
hour-more than $170,000 a year. After months out of work, he accepted a
temporary job paying $58 an hour. It lasted a few months. He finds
himself worth less to employers, and that makes him feel worthless. He
has watched companies with jobs to fill offer lowball salaries, then
move the jobs to India when Americans won't work for wages that are
dramatically lower than they are used to. "No job is safe," Mr. Huber
says. To him, offshoring amounts to "dismantling the U.S. middle-class
workforce."
Cruel to Westerners, offshoring is cause for celebration in Asia. This
migration of jobs is one of globalization's greatest achievements-a
fast-rising living standard in poor countries that is propelling
better-educated Asian workers into an expanding middle class.
J.P. Morgan's new back office -- a place where hotshot MBAs crunch
numbers on stocks traded in New York, London and Tokyo -- is nowhere
near those legendary banking centers. Instead, it is in Bombay, India,
across the street from a desperate slum.
In glittering London and New York, those who win coveted first-year
investment banking jobs earn $150,000 a year and buy Porsches with
their bonuses. Soon, there will be far fewer of them: Last year J.P.
Morgan began hiring in Bombay at just $25,000 a year-not enough for a
Toyota. Already there are 2,000 bankers and researchers in India, and
within a few years, the company's plans call for up to 8,000 in India
-- half in Bombay and half in a new office planned for Bangalore.
In Shanghai and Kuala Lumpur, in Delhi and Bombay, white-collar
denizens of the offshoring boom now gather at hip bars and pricey
restaurants. It is as if the exuberance of Silicon Valley has moved to
Asia. They spend their new paychecks on trendy Western clothes, trips
abroad and new cars. Every month, two million more Indians and five
million more Chinese carry cell phones as their countries grow richer.
Young college graduates job-hop for ever-higher pay. The future has
never looked brighter. While Chinese computer programmers splurge to
buy the latest consumer goods, many will live with their parents until
they are in their 30s, saving three-quarters of their $5,000-a-year
salaries to buy a home or a car. That is not a sacrifice for them. It
is an improvement.
It is not the best feeling in the world to know that I'm taking away
someone's job, says Sheelan Chawathe, who answers phone calls from
overseas customers of Delta Air Lines from a Bombay office.
How did the vast movement of white-collar jobs come about? The Internet
and other tech wizardry invented in the U.S. inadvertently laid the
groundwork for a great leap forward in globalization.
The boom in Silicon Valley produced not just dazzling new technological
capabilities, but also extravagant parties, stratospheric California
rents and truly exorbitant wages for computer programmers like David
Huber, who were suddenly in short supply. American tech companies began
using the H1-B Visa program to bring programmers from India to Silicon
Valley to help during the crunch.
Even with the temporary immigrant workers, American and European
companies faced a drastic shortage of techies who could write boring
computer code to fix y2k glitches. In desperation, they began the first
large-scale experiments with offshoring: when they moved overflowing
work to India, and found capable programmers on the cheap. It worked.
Then, after Silicon Valley's new technology enabled companies to
cheaply route phone calls over the Internet, companies tried moving
$18,000-a-year jobs answering customer service calls to India. That
worked too. So companies began asking what other white-collar work
could move to India, and what other countries with cheap labor could be
home to more jobs sent offshore.
Meanwhile, the dot-com bust forced many tech companies to move more
work overseas to save money if they wanted to survive. Now there is an
exodus: Tens of thousands of Silicon Valley's $65,000-a-year
computer-programming jobs are on the move, and well-paid research and
development work is quickly being shipped to low-cost China and India.
Even accounting and law firms are sending tax and lawsuit preparation
work offshore.
Yet offshoring doesn't have to be all doom and gloom for Western
countries. Economists say increased trade-globalization-however painful
for those who lose their jobs because of it, always brings more wealth
to the world as a whole. Offshoring is already a net gain for the U.S.
and for the country where the jobs land. Every dollar of spending that
U.S. companies transfer to India creates $1.46 in new wealth, according
to McKinsey research. India keeps 33 cents of that gain, while the U.S.
keeps $1.13 for every dollar spent on offshoring.
This means consumers in the West are big winners, too. Despite the pain
felt by white-collar workers whose jobs are moved offshore, the jobs
transfer will bring lower prices to the shores of the industrialized
nations. Just as a flood of cheap factory goods appeared at Wal-Marts,
Woolworths and Japan's 100-yen stores after factories moved to Mexico
and China, costs are dropping for some service-related work.
Take computers. The movement of IT hardware manufacturing offshore
caused tech hardware prices to fall between 10% and 30% faster from
1995 to 2002 than they otherwise would have, according to the Institute
for International Economics. Hardware and software prices will continue
to drop as more computers are built in China and more software code
written in India, according to the institute.
Moving jobs in other fields will cause similar price drops. Americans
may see a slowdown in the increase in medical costs as the vast,
inefficient processing of insurance claims is moved offshore.
China and India aren't the only ones trying to get in on the offshoring
action. Call it revenge of the colonies, but any developing country
with lots of English speakers and good Internet links is now a prime
jobs magnet. Malaysia razed a jungle full of palm oil trees to build a
high-tech industrial park to woo companies. The search for cheap office
workers has led HSBC, Nokia, NTT, Shell, Cisco, Ericsson, Fujitsu,
Cable & Wireless and more than 250 other foreign companies there.
Philippines President Gloria Macapagal Arroyo has traveled to New York
and London to encourage companies to move call center jobs her country.
With hourly pay rates in Asia averaging at $1, it's easy to see the
region's appeal.
However, China and India are particularly well positioned to attract
foreign companies. Together, they produce four million college
graduates a year, twice as many graduates as the U.S. and Europe
combined. Whereas a decade ago, only a handful of China's top
universities offered computer science degrees, with students trained in
obsolete techniques, today executives from Microsoft lecture at Chinese
universities -- to ensure the company will have a qualified pool of
techies to choose from when it hires. Gaining entry to one of India's
distinguished Indian Institutes of Technology is said to be 10 times
more difficult than getting into Harvard.
It isn't just computer jobs that are moving to Asia. Many back-office
jobs at banks, telecom companies and most other big companies are on
the move. In one of the many new Shanghai skyscrapers, a chart runs the
length of one wall in an HSBC office. There, a dozen people plan how
the bank will go about moving hundreds of jobs to Shanghai. Starting
with jobs moved from Hong Kong and Singapore, customer-support jobs are
tracked: 10 jobs will move one month, 23 the next, and so on. Layoff
tributaries scattered around the world are converging into a river of
new jobs in Shanghai.
When factory jobs began moving to low-wage countries like Mexico,
Poland and China, many hourly workers responded by making sure their
children went to college and moved into supposedly safe service-sector
jobs. Today, many of those very workers may need to find something else
to do as they watch their own jobs move offshore, just as their
parents' jobs migrated a generation before. No one knows whether this
time, the U.S. and Europe will be able to create new, higher-skilled
jobs fast enough to replace jobs sent offshore, or whether to fear a
growing number of long-term unemployed Westerners.
It is hard to argue with the statistics that show the world will get
richer as a result of the increased trade. But averages don't tell the
whole story, and statistics care nothing for who wins and who loses.
The millions of Americans and Europeans thrown out of work by
offshoring won't be cheering. They will be forced to upgrade their
skills or to accept lower salaries. The only good news for those who
lose their jobs will be that prices will likely continue to fall,
making it easier to keep their standards of living from dropping as
much as their paychecks.
Back in Chicago, things had begun to look up for techie David Huber.
After more than a year out of work, he called friends to announce,
happily, "I finally got a job." It was a good one, one that paid more
than $100,000 counting a bonus. The new salary still amounted to a 15%
pay cut from his last permanent job and a 41% cut from his salary
during the tech boom.
However, that job lasted only six months, then his company downsized.
That was six months ago, and the phone company has shut off his
long-distance service until he pays up. But he's not giving up: "I'm
waiting to hear back on about six or seven opportunities," says Mr.
Huber, who by now is used to looking for work.
Plenty of Americans, and even more Europeans, are likely to have
grueling experiences like Mr. Huber's in the coming decade.
Ms. Meredith is a correspondent for Forbes magazine based in Hong Kong.
6. +++++++++++++++++++++++++++++++++++++++++++++++++++
http://www.nydailynews.com/entertainment/story/286825p-245558c.html
Where the jobs were
BY NANCY RAMSEY
Sunday, March 6th, 2005
Greg Spotts is a man on a mission. Calling himself a citizen filmmaker,
he has financed and directed a stylish documentary, "American Jobs,"
that movingly examines the current "jobless recovery."
Available on DVD, the film takes viewers from Kannapolis, N.C., the
birthplace of Dale Earnhardt and now home to laid-off textile workers,
and into the halls of Congress. It travels to Seattle and Orlando,
where well-paying jobs in the software industry have been outsourced to
workers from India. And it visits Juarez, Mexico, where nearly 400
young women factory workers from small towns and villages have been
murdered.
Filmed in the spring and summer of 2004, "American Jobs" tackles such
complicated issues as the North American Free Trade Agreement and the
visas that allow foreign labor to replace American workers. It presents
these issues simply, largely through conversations with unemployed
workers, all of whom are articulate, thoughtful and engaging.
"Too many of our working men and women simply are not being represented
by policymakers and lawmakers," says CNN anchor Lou Dobbs. "The pain is
broad-based. 'American Jobs' does a wonderful job of bringing the human
dimension to the foreground of this debate. It speaks to the issue of
outsourcing clearly, and to our abysmal trade policies. We've lost a
million jobs as a result of NAFTA."
RECOVERY MYTH
Yale graduate Spotts, 38, began his career as a music talent manager.
"I started thinking seriously about the issue of jobs back in spring
2003, when I had a bunch of friends who weren't working," he says.
"They were 15 years out of school, and whether it was an executive
recruiter or someone who made Web sites for museums, everybody was
unemployed or underemployed. They weren't making the kind of bread they
used to make. I kept reading about the economic recovery, but I wasn't
seeing it. No one had coined the phrase 'jobless recovery' yet."
So Spotts - who lives in Santa Monica, Calif. - set out across the
country.
"The biggest surprise I found was how remarkably similar the stories of
the software programmers were with the textile workers," he says. "One
drove a pickup truck and got his coffee at Dunkin Donuts. The other
drove a German car, lived in a beautiful gated community and had a
master's degree in programming. But they were cast off in the same way,
when their employers figured out there were people who could do their
jobs cheaper."
Spotts finished "American Jobs" shortly before Labor Day. Then, DVDs in
hand, he traveled to union halls, community centers, colleges and
universities, joining "the election conversation."
"The whole presidential campaign was an argument on how to interpret
the monthly jobs numbers, and whether it was a strong enough recovery
or not," he says. "But I was thinking, 'What if there are actually
underlying shifts in the tectonic plates?'"
Drawing on these debates, Spotts has written a book, "CAFTA and Free
Trade: What Every American Should Know" (CAFTA is an acronym for the
Central America Free Trade Agreement, which has yet to pass Congress).
The short book takes on similar issues to "American Jobs" and makes
them equally accessible.
"We're still being told by professional experts on world trade that
we're migrating up the value chain, that America is letting trivial
work go overseas," Spotts says. But research and development is moving
overseas, too. "Our competitors aren't stupid. They want the best jobs.
They want to develop biotech, the next version of wi-fi [wireless
fidelity]."
"I got a book and a movie out in a year," the citizen filmmaker says.
"This is my personal investigation of the global economy, and I'm
sharing my findings in real time. I've developed some other documentary
ideas, but I'm not sure I'm ready to leave the global economy behind. I
wake up every day thinking about it."
7. +++++++++++++++++++++++++++++++++++++++++++++++++++
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/03/19/BUGS1BRRFQ1.DTL
Taking home an MBA
Growing economy lures newly degreed graduate students to return to
China
- Yu Ning, Chronicle Staff Writer
Saturday, March 19, 2005
It's been a long haul for Chen Wang, an MBA student at the Haas School
of Business at UC Berkeley.
There was the uncertainty about leaving a secure job in China for Haas
in 2003, when the U.S. economy was in a downturn. There were also
concerns about whether the master's degree in business administration
would be worth the substantial investment and what the job market would
be like after she graduated.
All those worries proved unfounded. After competing with 40 other
highly qualified applicants, she landed the job she wanted -- as a
manager in either sales or marketing with the medical devices and
diagnostics segment of Johnson & Johnson in Shanghai.
The 29-year-old Wang is one of four students from China who are getting
their MBAs at the Berkeley business school and returning to their
homeland to work. Two other Chinese students are trying to stay in the
United States a little longer to pick up work experience before
returning to China.
China's booming economy is providing a window of opportunity for this
year's crop of Chinese MBA students. The country badly needs midlevel
managers to run its growing companies. At the same time, overseas
students are finding it increasingly difficult to find work in the
United States.
Overseas students are allowed to stay in the United States for a year
after the completion of their studies, but they need an H1-B visa to
stay longer. Those visas are handed out to overseas workers with
special skills that companies say they can't fill through their normal
recruitment channels.
Peter Johnson, director of international admissions for the full-time
MBA program at Haas, said the number of H1-B visas the U.S. government
now hands out is just one-third the number granted before October 2003.
China is hardly a hardship post. Its booming economy, the weak dollar
and the strong demand for managerial talent, especially people with
MBAs from top schools, have created a lot of attractive job
opportunities.
Even the level of pay for those returning to China is close to that of
their peers in the United States. In 2004, the average annual starting
salary of a Haas MBA graduate in Asia was $88,500, compared with
$90,372 in the United States.
Wang, who declined to disclose the salary in her new job, said she
needs the money to repay the loans that helped cover the two-year MBA
program that cost about $100,000 in tuition and living expenses.
Wang's classmate, Xin Lu, 31, worked in the Chinese Consulate in San
Francisco for three years as a vice consul. He is returning to Beijing
as an associate with A.T. Kearney, a management consulting firm. He
says such opportunities put MBA graduates in a good position for other
jobs and assignments with a top company anywhere in the world.
Most overseas Chinese students in the MBA program at Haas said they
preferred working with a consulting company, an investment bank or a
giant multinational company.
The idea of working for a large foreign company in China is especially
appealing because the Chinese MBAs say it offers them the chance to
make better use of the skills they have acquired, improve their chances
to advance their careers and get a high salary.
Such is not the case, they say, if they were to return to work for a
state-owned enterprise or a family-owned business. Jihong W. Sanderson,
a lecturer at Haas on the management of technology in China , said she
believes domestic companies aren't set up to provide the environment to
make the best use of the overseas MBA graduates.
According to Sanderson, multinational companies offer MBA graduates the
chance to get work experience and learn a lot in a short amount of
time. After two or three years, she said, they can be a huge asset to
the company and are in a position to go on to work for a Chinese
company, start their own company or work in any part of the world.
Sebastian Teunissen, an adjunct professor of international business
development at Haas, said Chinese MBA students generally want to do
some kind of work connecting China to the rest of the world.
Not all the students from China have jobs waiting for them on their
return. Haibin Lin, a 29-year-old MBA student at Haas, was on his way
to Hong Kong on Friday to look for work in his specialty: managing a
real estate investment fund.
"It's a niche market that's just beginning in China," said Lin, who has
an interview set up with Morgan Stanley in Hong Kong. If he can't get
the job he wants, he will return to the job he had before getting his
MBA, working for a real estate development company in Beijing.
One program that has attracted the interest of Chinese students is the
master's of financial engineering program at Haas.
The one-year program, which was started five years ago, helps students
develop theoretical finance and computer modeling skills that they can
use for pricing, hedging, trading and portfolio-management decisions.
Because the work involves sophisticated risk investment models that are
more likely to be found on Wall Street than in China's young financial
markets, most of the Chinese students at Haas wind up working in the
United States.
Of the 59 students in the 2005 MFE class at Haas, six are Chinese who
are well educated with a lot of work experience. One or two of these
students want to work in Asia, in either China, Hong Kong or Tokyo,
said Linda Kreitzman, director of the MFE program.
According to a survey of MFE graduates in 2004, 91 percent were able to
find full-time employment within three months after getting their
degrees. The average first-year salary was $105,000.
Kreitzman said that for the first time, Chinese students are saying
they want to work for five years in the United States before returning
to China to work as managing directors at financial firms.
Zhiming Jiang, who graduated from the MFE program two years ago and
works in the fixed-income quantitative research department at Citigroup
in New York, said about 20 of the roughly 100 people in his department
are Chinese. He said most of them received their doctorate degrees in
the United States and have an engineering background and strong
quantitative skills.
Among this year's MFE class, which graduated Friday, Yadong Li, who
worked at Yahoo and General Electric Medical Systems in the United
States, is headed to New York to work in the credit derivative
department of Lehman Brothers.
Junbo Feng has landed a job as a quantitative analyst with Nomura
Securities International in New York. And Mei Wang will work in a
fixed-income research group for Morgan Stanley Capital International
Barra in Berkeley.
E-mail Yu Ning at yning@sfchronicle.com.
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