This article from the Economist points out a couple things. First, imports may be understated. Second, this is a weak recovery.
The first issue, underreporting, smacks of Enron style dishonesty. The second issue is significant because people vote their pocketbook - a weak economy does not bode well.
If you want on or off my offshoring ping list, please FReepmail me!
There is another ECONOMIST article that, unfortunately, under the New Regime, I cannot Excerpt...
April 3rd-9th Edition page 65 "Indian Innovation"...Please don't call it outsourcing.
They list the companies Indian Subsidiaries, and the number of Patents: Texas Instruments == about 225; Intel ~ 125; Oracle ~ 125; Cisco ~ 120; GE ~ 95; IBM ~ 75; ICI ~ 50; Whirlpool ~ 25; SAP ~ 25.
Interestingly, Texas Instruments has been there for at least 25 tears, Intel only Five.
I guess that puts the Patent Law Offshoring in context.
Also, the German SAS has NOT laid off a single R&D type in Germany...the bad news is they are Ramping Up operations in India, so no more R&D people will ever be hired in Germany...that is it!!!