Global Sourcing and its Countries

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

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