offshore outsourcing can be defined as delegation of processes like engineering, development and technical support to lower cost locations
The practice of hiring an external organization to perform some or all business functions in a country other than the one where the customer site is situated.
When outsourcing occurs in a country other than your own or the surrounding countries, it is referred to as offshoring.
The outsourcing of any operation, be it information technology, a business process, or manufacturing to a firm whose principal base of operation is outside the country. Terms such as near-shore outsourcing or close-shore outsourcing are also used to indicate that while still outside the country, there is a closer proximity between the customer organization's primary operations and that of the provider. For example, for a U.S. company Canada might be considered near-shore while India is offshore.
FierceCIO covers offshore outsourcing news as it relates to the IT sector. While offshore outsourcing has always been a point of debate, because of the internet and technology boom over the last 10 years, the subject has become increasingly contentious. In the latest presidential election, President Bush was accused of wanting to send more jobs overseas after one of his economic advisors, N. Gregory Mankiw, said that "outsourcing is a good thing." John Kerry and other top Democrats then stepped in saying Bush should apologize to every worker in the US. Offshore outsourcing news continues to make headlines today. Read more...
Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. It can be contrasted with offshoring, in which the functions are performed in a foreign country by a foreign subsidiary. Opponents point out that the practice of sending work overseas by countries with higher wages reduces thier own domestic employment and domestic investment.