Tuesday, March 13, 2007

Philippine's Outsourcing through System Economy

If the Philippines was looking to rejuvenate or to strengthen the system economy then it can exist in the form of outsourcing. Now a day, Philippines have the edge of this rapidly growing industry via the wonders of information technology (IT). This is a smart strategy for an economy to chase in the outsourcing solutions by providing the key backroom of IT solutions for the leading corporations in the United States and the European Union.

Outsourcing is the process of relocating production development to another country as a means to decrease staff cost while increasing productivity or what we called return of investment (ROI). As a whole of outsourcing in the Philippines, it can generate a hundred times more jobs per dollar invested by the leading corporations. The outcome will be held into fast progression of the system economy through the manner of outsourcing industry in the Philippines.

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