Offshoring can be defined as relocation of business processes (including production/manufacturing) to a lower cost location, usually overseas.
Offshoring can be seen in the context of either production offshoring or services offshoring. After its accession to the WTO, China emerged as a prominent destination for production offshoring. After technical progress in telecomunnications improved the possibilities of trade in services, India is a country that tries to focus on this domain.
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