Offshore outsourcing - A global shift in the present IT industry (original) (raw)

This research paper explores the complexities and implications of offshore outsourcing in the IT industry. It discusses the definitions and distinctions between offshoring, inshoring, outsourcing, and insourcing, while highlighting the geographical dynamics of this phenomenon. The study contrasts the labor market outcomes for skilled and unskilled workers amidst technological advancements and changes in global production strategies. It emphasizes the importance of transaction cost economics in understanding firm boundaries and decision-making processes related to outsourcing practices.