. SouthAmerica: On April 30, 2005 I posted the following in the PBS message board. I understand that there are a number of college students participating on this particular message board. (I am assuming that by the replies that I see on this board from a number of people.) I recommend that every college student take a few minutes and go to the library and get hold of the âBusiness Weekâ special issue dated December 6, 2004 and read the âChina Priceâ article. The article is not only for college students. This article is for anyone that wants to understand what is going on in the business world. This is one of the best articles I have seen in years in the main American business magazines, including Fortune, Business Week, Forbes and so onâ¦ PS: I donât have any association with Business Week magazine. ************* April 30, 2005 SouthAmerica: I just came across a recent article by economist Laura DâAndrea Tyson about offshoring. She said: âIncentives for offshoring by European companies are huge: Services costs can drop by 50% to 60%. And the scope for offshoring is vast. By IBM estimates, less than 8% of the $ 19 trillion spent each year on sales, general, and administrative expenses has been outsourced so far. Many companies say they can offshore half or more of this work.â ******************** SouthAmerica: I just got a copy this past week of Business Week magazine dated December 6, 2004. The cover story is: The three scariest words in US industry: âThe China Priceâ âCut your price at least 30 percent or lose your customer. Nearly every manufacturer is vulnerable. The result: A massive shift in economic power is under way.â A friend of mine gave to me a copy of this old issue of Business Week, but as I was reading various articles on this special issue, the only thing that came to mind is that these articles were right on target. If you have the chance to read this particular issue of Business Week I believe that it is worth for you to go to a library just to read the above cover story. The writers that put that piece together deserve to be congratulated since they did an outstanding job. .