The Political Economy of Global Outsourcing

Outsourcing has become a contentious political issue in the US and other rich countries from where jobs are being outsourced.much of the controversy over outsourcing in the USA is directly linked to the jobs scenario. Does the January 23 Bill mean that America is moving a step away from free marketism? Is America losing its standing as an open society? Till recently, the US was overwhelmed by hypocognition (The term used by Frances Moore Lappe' in Hope's Edge, 2002) by virtue of which they conjured up all positive images of globalisation and could not understand what really was going on or that there was anything wrong with the globalism or free trade. Now they are being tormented by the monster they themselves had so passionately patronised. This monster just knows 'the single principle of highest return to existing wealth,' that's all