Social Effects Of Outsourcing
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Title: Social Effects Of Outsourcing

Essay Details:

Subject: Technology
Author: Jeanette H
Date: November 19, 2016
Level: University
Grade: A
Length: 9 / 2595

Essay text:

The late nineties brought the dot com boom to the forefront with internet companies prospering and expanding their operations. The burst of 2000 essentially ended the boom and soured the economy, particularly in the technology sector. As time passed, companies recognized the need to cut operating costs, reduce personnel and save their resources. Hence, outsourcing came to the forefront as a way to stay competitive. Developing nations like India and China have come to light in recent years as they have a wealth of computer engineers and programmers who will work for low wages. Outsourcing has become such a common practice that it is now considered a benefit to the world economy “We know that outsourcing is a $400 billion a year industry and IT outsourcing is a vital part of the industry...

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