[CTRL] IMF: Outsourcing not draining jobs

[Jim Rarey]

-Caveat Lector- This won't  help the IMF's credibility. - JR   http://www.dfw.com/mld/dfw/business/10350190.htm?template=contentModules/printstory.jsp     Posted on Mon, Dec. 06, 2004 IMF: Outsourcing not draining jobs Bloomberg News The movement of labor to India and other developing nations by U.S. corporations has little effect on jobless rates at home, International Monetary Fund economists say. "Even if outsourcing leads to some shedding of labor, the increased efficiency could lead to higher production and an expansion of employment in other lines of work," IMF economist Mary Amiti and Shang-Jin Wei, head of the IMF's trade unit, write in Finance and Development, a quarterly in-house magazine. The percentage of U.S. imports of private services, which includes labor outsourcing, from developing countries has grown to 32 percent in 2002, compared with 28 percent in 1992, the IMF said. Support for free trade among wealthy Americans has eroded on concern that opening markets helped trigger the 2.7 million lost jobs since George W. Bush took office in January 2001. In 2003, 28 percent of individuals earning more than $100,000 a year favored free trade, compared with 57 percent in 1999, the IMF said, citing a University of Maryland study. © 2004 Star-Telegram and wire service sources. All Rights Reserved. http://www.dfw.com www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://www.mail-archive.com/ctrl@listserv.aol.com/ <A HREF="">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om