Global sourcing is evolving as one of the major strategies that enables organizations to offer
quality products, services at the lowest cost possible. Organizations are taking a 360° look at all
the functions of their organization to see what functions can be executed in other countries.
Countries like India, China, and Philippines have been in the spot light to an extent never seen
before in the last decade. Robert Reich, a former Harvard Professor, notes in his book The Work
of Nations that “We are living through a transformation that will rearrange the politics and
economics of the coming century”.
In this book, the author explains how corporations will
transform and there will no national economies; how only Global Economics will dictate the
direction of the organizations.
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