Thursday, March 02, 2006

ACM on offshoring

(Via Sadagopan):

ACM released a new report - methodically researched and compiled professionally – result of several months of efforts. The report focuses on issues and trends centered on tech job migration and how it relates to economies governments, funding and educational systems. The New York Times reported on it saying,” The study concluded that dire predictions of job losses from shifting high-technology work to low-wage nations with strong education systems, like India and China, were greatly exaggerated”….

The report finds that thirty percent of the world’s largest 1000 firms are offshoring work, but there is a significant variance between countries. This percentage is expected to increase, and an increase in the amount of work offshored is consistent with the expected growth rate of 20 to 30 percent for the offshoring industries in India and China. The report does an assessment of various national policies towards offshoring and finds almost all are reasonably progressive except China, which the report finds as the most protectionist of the countries studied here in terms of trying to protect its emerging domestic IT market from foreign competition. The report concludes,” The future, however, is one in which the individual will be situated in a more global competition. The brightness of the future for individuals, companies, or countries is centered on their ability to invest in building the foundations that foster innovation and invention”.

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