Don't Be Afraid of Offshoring

Diana Farrell of McKinsey Global Institute takes a close look at the workforce in China and India and says U.S. workers have little to fear

Both India and China have profited handsomely from their young, able, and seemingly unlimited workforces over the past two decades. India has built itself into a global services powerhouse, moving from simple customer help lines to more complex tasks such as software design, investment banking research, and medical diagnosis. And while far more Chinese work in factories than services operations, a number of pharmaceutical companies and software houses have recently set up research operations on the mainland.

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