ITOutsourcing in the Global Economy: Trends and Challenges The world has become a global village, eliminating all boundaries regarding communication and transportation. No matter where you live, you can easily commute to different regions of the world and connect with people around the globe, irrespective of the distance. As technology is continuously evolving at a fast pace, the global village is only going to get larger. The question arises here is, “How does this affect the business sector? “ Outsourcing: a product of globalization As the communities are getting closer due to global interdependence, allowing businesses to utilize global skills and expertise. Employing external personnel to carry out activities, manage operations, or offer services on behalf of clients is a business technique known as outsourcing. The primary purpose behind this practice is to reduce costs and enhance the profitability of the company. Benefits of Outsourcing There are numerous benefi
