While the Indian outsourcing industry struggles with infrastructure problems and rising wages, China is making massive investments in infrastructure, English-language training, Internet connectivity and technical skills, says market research company IDC, making it attractive to companies looking for alternatives for offshoring back-office functions.
On Wednesday, he blasted right-wing efforts to give corporations a tax holiday for bringing cash they've stashed offshore back home.
And the overall market is proving resilient: after dipping in 2007-08, demand for offshore vehicles is back near pre-crisis levels in many jurisdictions, according to Appleby, a law firm.The Gambia is not the only African country to take an interest.
Plus, for every dollar spent on offshoring, the U.S. gets back $1.12 (and the global economy reaps another 33 cents), says a report from McKinsey consultants.
Ministers have continued to indicate their backing for offshore wind, but have delayed spelling out how much support it will get beyond 2020.
The Deepwater Horizon explosion and spill set back plans for offshore drilling by several years.
American corporations, for example, are "offshoring" whole stages of production to East Asia, particularly the Chinese coast, where they can find cheap, high-quality assembly lines and back offices.One cause behind this transfer of jobs is East Asian currency policy.
Instead of offshoring jobs, the time has come for you to start bringing good-paying jobs back to America".
"Instead of offshoring jobs, the time has come for you to start bringing good-paying jobs back to the United States of America".
Some oil-services firms that cater to ongoing operations, such as helicopters and maintenance for offshore rigs, may have been hit unfairly hard and could well bounce back.
"Does this mean companies are going to rush back to work?" asked Andy Radford, the senior policy advisor for offshore issues with the American Petroleum Institute.
