Free Software Linux

As the doom and gloom of the global financial crisis continues, off-shoring (and, this time around, near-shoring companies) should expect to see an increase in revenues as IT and technology verticals reform their organizations towards cost-cutting. Especially as near-shoring to Latin America takes off as a trend, the unique Latin American financial structure provides it some immunity to the effects of the global repercussions of the US crisis. This does not necessarily mean a decrease in opportunities for state-side technology workers — if they are prepared to adjust their roles into making near-shoring a viable solution for companies in the United States. Historically, during the dot-com crash, Indian outsourcers saw an increase in revenues. This could be even more true this time around if there is going to be a fundamental restructuring of how business is done. In fact, there is some prediction that even if US IT spending falls overall in 2008, off-shore spending will increase. And, everyone seems to agree that while Latin American exports will be hurt hard by the US economic problems, the newly-formed economic blocs in Latin America make it so that things will be very different from past economic downturns in the US, which automatically impacted Latin America negatively.

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