Outsourcing centers such as India may stand to benefit from the financial pressures generated by a global slowdown.
One of the most powerful forces in economics is that of cost, and there is no time when this force exerts more influence on shaping economic landscapes than as a slowdown or recession approaches.
Within each company, no matter where on this globe, a slowdown in business activity invariably allows accountants to enter the fore and take cost-cutting measures such as layoffs and outsourcing.
If a company begins to outsource operations to a low-cost center such as India, rivals may have to follow suit in order to continue to compete on a level footing. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
|
|
UP
29.55
|
UP
7.70
|
UP
21.79
|
UP
0.06
|
10 Yr
3.55%
SPDR Gold
110.24
|
|
+0.28%
|
+0.70%
|
+0.99%
|
+0.17%
|
Data delayed 20 minutes |


Connect with TheStreet