Offshore outsourcing is the controversial practice of moving jobs overseas, to countries where labor costs less. After the peso devaluation in 2002 Argentina has become more and more attractive for companies that seek to move work to offshore locations in order to cut costs and maximize profits. Especially IT companies that operate in software development and maintenance services have discovered the geographical advantages of Buenos Aires over traditional destinations in Asia and appreciate the close proximity to the US. The list of firms forming this offshore Silicon Valley in downtown Buenos Aires reads like the who's who in information technology and software engineering such as IBM, Microsoft, Cisco and Sun Microsystems.
Is offshoring a job machine or a job killer?