Washington (March 30, 2004) -- The outsourcing of services offshore has become a global trend affecting not only the United States, but also the European Union, Japan and even India. This is one of the business patterns highlighted in a white paper issued by the American Electronics Association titled "Offshore Outsourcing in an Increasingly Competitive and Rapidly Changing World."
Amid concerns in the U.S. that an increasing number of back-office accounting services such as write-up and tax preparation are being offshored to India, the AeA notes that outsourcing services abroad is "a worldwide phenomenon that is especially affecting the developed countries of the world." The study cites Deloitte Research estimates that Western Europe will offshore 730,000 financial services/IT jobs by 2008, and Japan will offshore 400,000. Meanwhile, in India, Tata Consultancy Services, one of the country's largest software exporters, has begun to offshore to China.
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