Offshoring and offshore outsourcing, the movement of work and tasks to low-cost countries, has been increasing in scale and scope. While offshoring in the manufacturing sector has been an ongoing phenomenon for more than 40 years, more recently, examples of offshoring in services industries such as software programming, once considered non-tradable and therefore to offshoring, have emerged. The concurrent effects of the recent very rapid growth of the Indian and Chinese economies at eight to ten per cent per annum (about four times the rate of developed countries), and dramatically lower cross-border transaction costs have led many to predict significant changes in the structure of many industries. Some have even gone so far as to call this as historic an economic transformation as the industrial revolution (Blinder, 2006).

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