Global Sourcing and its Countries

Global Sourcing Countries By http://www.dragonsourcing.com/

What is Global Sourcing ?

Global sourcing is the practice of procuring products and services from the global market, ignoring the geo-political boundaries. In order to do this successfully, one needs to have a detailed idea about the global market, which is discussed in the article. The various global sourcing countries are : China ✔ India ✔ Korea ✔

China

China follows a socialist market economy and is the fastest growing in the world; it is one of the active participants in global sourcing. It mainly exports electrical goods, textile, apparel, iron and steel and so on.

India

The 9th largest economy in the world, India exports petroleum products, iron and steel, precious stones, machinery, chemicals, apparel etc.

Korea

South Korea is the 15th largest economy in the world in terms of GDP. It follows a market economic system. One can procure wireless telecommunications equipment, semiconductors, motor vehicles, computers etc. from there.

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