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Offshore Outsourcing

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ALSO CALLED: Outsourcing, Offshore, Global Sourcing, Offshore Development Services
DEFINITION: Offshore outsourcing, a type of business process outsourcing (BPO), is the exporting of IT-related work from the United States and other developed countries to areas of the world where there is both political stability and lower labor costs or tax savings. Outsourcing is an arrangement in which one company provides services for another company that could also be or usually have been provided in-house.  … 

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