Is outsourcing having a positive impact on the economy of the developing countries and their people?

  • Outsourcing has a positive impact as it improves the economic performance of the countries.

    Over the years, emerging economies like BRIC and Vietnam have experienced rapid economic progress and registered high economic growth, as reflected in their GDP. China, for example, has experienced double-digit growth in the early 21st century. This revenue is generated from the influx of foreign direct investments in manufacturing brought about by outsourcing. It also created job opportunities for the people.

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