Portugal Shows How Euro Crisis Is Shuffling the Tech Order

Douro riverbank in Porto, Portugal Photograph by Cristian Baitg/Getty Images

Here’s how it works: You’re building a Web service in the U.S. or Western Europe, but you realize Silicon Valley, New York, and London are terribly expensive places to hire programming talent. So you hire staff in a developing economy, perhaps Eastern Europe. And why not? Skilled programmers outside the West are cheaper and whip-smart, helping you save money and improve your product.

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