From outsourcing to worldsourcing

In International Trade Forum

“Worldsourcing” — global outsourcing — is benefiting a number of developing and transition economies. It is also fundamentally changing the structure of firms.

Some developing and transition economies have recorded local improvements in living standards by supplying the industrial world with products and services that are no longer profitable in high-cost labour economies. Current trends are for firms in industrial countries to move from outsourcing to “offshoring”, even to “worldsourcing."