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Thursday, April 29, 2004 at 10:18 AM
10:18AM

Thanks to globalization, shrinking the Gap in Calcutta

DateThursday, April 29, 2004 at 10:18AM

ìInflux of Tech Jobs Ushers In Malls, Modernity to Calcutta,î by Joanna Slater, Wall Street Journal, 28 April, p. B1.


Calcutta, or what India now calls Kolkata, is famous for what in your mind?


Ah yes, the Black Hole and Mother Teresa. Surely, globalization would never penetrate there. International business refuses to enter truly poor areas, yes?Tell it to IBM. Their new facility in Calcutta makes that city second only to Bangalore as a target of Big Blueís foreign direct investment in India.


But that only helps high-tech workers there right? Yeah, but guess what? They want to eat in nice restaurants, drive in cabs, go to health clubsóall jobs that trickle down to the poor.


So the Black Hole, she gets a bit smaller each day and globalization rolls on.

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