Outsourcing Times

March 29, 2004

Outsourcing Increases Trade Surplus

Sify reports:

"Contrary to the widespread fear of job loss due to offshoring to countries like India, globalisation of services has created trade surplus in IT services of the US from $2.1 billion in 1995 to $4.2 billion in 2002, according to a US thinktank Cato.

"US runs a trade surplus in the IT services, a sector directly affected by offshoring... the US trade surplus in these services has expanded from $2.1 billion to $4.2 billion, Cato Institute said in a trade briefing paper."

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March 29, 2004 in Economics | Permalink

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