Globalization, just the term says it all. A lot has changed since 1985 especially in the Information Systems field. There have been many inventions. New and improved technologies have entered our lives to make it easier for us to live this complicated world. Let’s take computer for example, a machine that enables information to be processed in a revolutionary manner in terms of speed, storage, access, analysis, and geographical distribution.(Nolan, p. 61) It was as big as a room when it was created and now within just couple years, there are computer assisted surgeries, computer assisted phone, computer – watch, etc.. The development of computers first influenced the lower levels of traditional organizations and more recently, had influenced the middle levels or organizations. Technology makes markets vastly more efficient. It is a huge accomplishment especially for a developing country like India. With that being said, the whole point of this paper is to see the impact of globalization through the means of outsourcing in software field on Indian Economy.
In the past two decades, India’s IT and software industry has climbed to the pinnacle to being the world’s top technically advanced country to compete with other superpowers like Japan, China and USA. With the status of India rising from the typical third world country, to a more recognizably techno-savvy state, its influence has turned to other developing economies and countries, to inspire them.
To compete in a global economy requires an organization that is managed ion a global basis. Global management entails balancing the general and universal with the specific and particular. (Bradley, p. 57) India has proved to the World that if given a chance, industrialism can do wonders for a country where at one point the software industry was non-existent. Now India is one of the largest employers in manufacturing. India has taken the center stage, and from delivering products and services on a global competitive scale, it has reached a proud status of being called a technological powerhouse.
Bradley, Stephen P, Jerry A. Housman and Richard L. Nolan. Globalization, Technology, and Competition – The Fusion of Computers and Telecommunications in the 1990. Boston, Massachusetts: Harvard Business School Press, 1993
george mason university
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