Deutsche Welle Watching Globalization Eat Its Parents
Globalization has come full circle, says Deutsche Welle. 10 years ago, Germany set the tone of its economic relationship with India. German companies outsourced parts of their production to India and attempted to lure Indian IT-Specialists into the country. Now, Indian companies are opening up subsidiaries in Germany, employing Germans, and an Indian steel giant is making bids to buy its competitors. In light of these changes, it is no surprise that the German “Green Card”-law of 2000 failed. Germany is falling behind India and has become less and less attractive for highly qualified Indians, who prefer to move to Australia and America.
