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Don't outsource, relocate

A wrinkle in the outsourcing trend: give laid-off workers the chance to relocate to new jobs in foreign countries, at local wages. From Information Week:

The climate is warm, there's no shortage of exotic food, and the cost of living is rock bottom. That's IBM (NYSE: IBM)'s pitch to the laid-off American workers it's offering to place in India. The catch: Wages in the country are pennies-on-the-dollar compared to U.S. salaries.

The China Slowdown

The World Bank's East Asia and Pacific blog has a good update on the most recent China quarterly forecast. The Bank's official forecast for 2008 China GDP growth is now 9.8 percent, a full 2 points below 2007 growth. Elsewhere, we've been hearing about high fuel prices and the cheap dollar putting the squeeze on Chinese manufacturing export platforms.

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