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Giuseppe De Francesco

Owner - Games Designer and Coder, DFT Games

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Global economy: how to cope with that?

Here a few facts:

* - There is a huge online market over the Internet with a lot of different escrow websites facilitating clients to meet and hire contractors.

* - Over the last 24 months we have seen an unexpected increasing of excellent professionals from Asia (especially India, Pakistan and Nepal) offering their services online.

* - On those escrow websites the jobs are awarded to the bid providing the best value for money (lowest bid with highest professionalism).

* - Playing the game of lowering the bids, Asian professionals have practically set the price for professional services at a very good level for their countries, but impossible for US and EU people (like 1 month of work for 500USD).

I totally understand the client point of view: why to pay 2,000USD for a service that I can get at the very same level of professionalism for 500USD?

Borderless, free money circulation allows the above phenomenon to rapidly grow, but... what about people that cannot live on 500USD a month?

This is extremely sensitive issue among people working online (like myself) but the extension of this on the actual goods production is also happening here in EU: many companies move the production sites to Asia, winding down EU factories.

What's your take? How do we solve this situation? Is it even possible to think to a solution? Should we go back to put strong money borders with heavy customs fees for sending and receiving money?

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    Oct 22 2013: Hi Giuseppe,

    I read most of the comments and I felt they were off the topic (Sorry); I think this topic should have been under Question heading for answers rather than in Debate heading as people like to debate and you don't get solution sometime.

    Practical solution is in order to survive in global economy one have to become global citizen.

    Like trying every new thing scare; this will also, but look around you, how Indians and other ethnic groups are getting adaptable to new customs, culture, language and place. Most of the Indians Work abroad send Money back to home and due to exchange rates they get benefited that too Tax free income, now the question arise can you do it, the answer is maybe no, age and many other factor's So how can you use your skills in which you are best like others. I think labelling will help in your case as you are a owner, you can search someone in India or other place who can work for you in comparative price then start a institution that teaches and provide Your country's Certification etc grow in this sector. Basically start business in this new destination and remain in business.

    and most important make younger generation adaptable to change send them to India, China etc after all these are developing beautiful countries, but there will be competition.

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