Tuesday, August 17, 2004

Philippines Outsourcing Future

Reuters reports the Philippines economy and it's recent graduates worry about how the United States will approach outsourcing in the near future. The upcoming presidential election and stricter tax steps may threaten the flow of outsourced work there.

With the United States accounting for 90 percent of outsourced work in the Philippines, stricter tax steps being threatened against companies that transfer work abroad could prove disastrous, some industry executives say.

"Outsourcing is the line of hope for this country," said Ramon Dimacali, head of Outsource Philippines, a federation of companies actively promoting a greater foreign presence in the country.

"Companies should respond by retraining within the U.S. instead of putting up barriers," said Outsource Philippines' Dimacali. "Americans should think (outsourcing) can help the companies to grow and create more high-paying jobs in the U.S. while creating jobs in the outsourcing location."

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