Word: cheaping
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Dates: during 2000-2009
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...globalization that we intuitively know - call centers in India, toy factories in China - is just one piece of an increasingly competitive landscape. As manual work becomes more automated and trade barriers fall, companies chase knowledge workers and efficiency just as much as they do cheap labor and access to new markets. In this new calculus, it is often surprising who comes out ahead. According to the Business Competitive Index, the Global Competitive Index's sibling measure developed by Harvard economist Michael Porter, the countries with the lowest wages relative to competitiveness - that is, the best values as investment locations...
...with transportation costs continuing to plummet and markets becoming freer, there are many more places for companies to set up shop, and traditional advantages such as cheap labor or a lack of tariffs mean less and less in many industries. Multinationals are increasingly opening major operations in second- and third-tier cities - GlaxoSmithKline in Posnan, Poland, Google in Belo Horizonte, Brazil - places that plenty of people have never even heard of. "Companies are adopting an all-shore strategy," says Dennis Donovan, principal of Wadley Donovan Gutshaw Consulting, which helps companies decide where to locate...
...along with making memory cards. "By having it all in close proximity, it reduces overhead costs," says Sandisk president and COO Sanjay Mehrotra, "and that's the name of the game, to be able to produce product at the lowest possible cost." (Notice that had nothing to do with cheap labor...
...Charles. They came together, threw all of their books into a heap to form a “library,” and declared a new college established. Yale, then called the Collegiate School, spent its infant years getting passed around from city to city like a plate of cheap hors d’oeuvres until its founders finally settled on New Haven, Connecticut in 1718. Now, we know hindsight is 20/20, but really—New Haven? A Google search for “found in New Haven” yields “body?...
...which ironically allows them to remain together eternally, through life and death.Although “Love in the Time of Cholera” is much too long and relies on the cliché (imagine “I have bigger fish to fry” being said in a cheap Colombian accent), the inherent splendor and appeal of the story make this a good film, even if it pales in comparison to García Marquez’s novel...