Title: How Does Outsourcing Help Developing Countries?
Headings: How Does Outsourcing Help Developing Countries?
How Does Outsourcing Help Developing Countries?
The Economic Impact of Outsourcing to Third-World Countries
Addressing Social Issues
Important Jobs
What’s out there for outsourced workers in developing countries?

Content: How does outsourcing help developing countries? The Economic Impact of Outsourcing to Third-World Countries
For more than 20 years, companies in developed nations have increasingly outsourced parts of their business processes to developing countries like India, the Philippines, Indonesia, and others. This phenomenon has given rise to what is now known as remote working or, in millennial speak, being a “digital nomad.” This is because most outsourced or remote workers today typically have their own home offices set up at their convenience or can be seen lugging their laptops in cafés or wherever they go. The concept of outsourcing is simple and straightforward: non-critical business functions are passed on to economies that have lower labor market rates. Such functions include customer service, bookkeeping, accounting, marketing and human resources, among others. Outsourcing is a welcome concept not just for companies looking to outsource, delegate or sub-contract business activities but also for third-world nations like India and the Philippines—the two English-speaking Asian countries whose talent pools are being tapped for outsourcing jobs. Outsourcing has positively addressed the growing unemployment rate in developing nations and developed the labor forces of these countries for specific industries. In the Philippines, the outsourcing industry has become the economic lifeline for almost the entire nation.