Theoretical Explanation and Empirical Analysis of Offshore OutsourcingOffshore Outsourcing

Edmund Li Sheng ()
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Edmund Li Sheng: School of Political Science and Public Administration of Shandong University

Chapter 3 in A Recent History of Global Imbalances, 2025, pp 89-119 from Springer

Abstract: Abstract As international trade continues to grow and IT continues to evolve at a rapid pace, many companies are increasingly moving their business processes to different countries or regions. Coupled with the maturation of groundbreaking technologies such as cloud computing and 5G communications, cross-border business transactions have grown exponentially. According to data from the McKinsey Global InstituteMcKinsey Global Institute, 78% of Fortune Global 500 companies adopted offshore outsourcing strategies for their business processes between 2020 and 2023, achieving an average reduction in operating costs of 23% and an improvement in market response speed of 41%.

Date: 2025
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DOI: 10.1007/978-981-95-1834-0_3

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