Monday, August 22, 2005

Outsourcing: Don't be afraid of outsourcing

Sir Digby Jones, director general of the Chamber of British Industry has stated what most informed analysts already know - that outsourcing boosts the economy.

This weekend in Sydney, he advised that developed countries should not be concerned by job losses to low-wage countries like India and China as off-shoring forces an economy upmarket.

Britain had injected more than $27 billion into its economy since 2000 by sending unskilled jobs offshore to places like India and China. Speaking to Channel 9, he said that the British workforce had retrained and was now better skilled.