Word: cheaping
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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...
...This is a mixture of shopping malls and retail and wholesale stalls in their hundreds. Call the Tourist Information Center in Dongdaemun, tel: (82-2) 2236 9135, if you have queries. It takes about 20 minutes by taxi to get there from Noryangjin, and if you're looking for cheap sneakers and inexpensive clothing, this is the place to go. You can haggle to the wee hours of the morning. For a nightcap, head to Itaewon, near the U.S. military base, where there are plenty of bars and clubs...
...making what Byford calls "brilliant, outstanding, special, standout content" and the need to justify its existence by attracting mass audiences, which, as Fox Television has proved, tend to gather at the bottom of the taste pyramid. Consider the huge popularity of reality TV, which is cheap to produce and capable of provoking controversy that hooks big audiences. Controversy is, of course, hard to control. Channel4's last run of Celebrity Big Brother sparked riots in India after Bollywood actress Shilpa Shetty was subjected to racial abuse from fellow contestants...
...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...