The global impact of outsourcing according to many economists is going to be very positive. Though there are speculations in the first world nations like US and UK about the global impact of outsourcing, they are considered only to be temporary.

Globally outsourcing has given rise to thousands of quality jobs in developing countries like India, China, Mexico and Philippines. This has in-turn led to an increase in the standards of living in these nations. This has also led to strengthening of relationships between different countries. There has to be some kind of links between the developed nations and the developing ones and outsourcing is making that happen.

Global outsourcing has also led to job drains in developed countries but the situation is not as grave as portrayed. The job losses due to outsourcing in developed nations like US are estimated to be just around 6-7%. There has been such a hue and cry as most people are look at outsourcing in a very narrow sense. Outsourcing in the long run is sure to bring huge revenues to developed countries as it actually helps cut costs. So the question of standards of living in US falling as a result of outsourcing is not correct in any means.

According to estimates outsourcing of jobs will actually give rise to better and higher paying creative jobs in the US economy in the times to come.

A global outsourcing research will clearly suggest that outsourcing in the long run is going to be beneficial both to the first world as well as third world nations. The current mayhem caused due to the jobs lost due to outsourcing is seen by most economists as a temporary phenomenon which will subdue once the US economy develops. The future holds huge potential for everyone with the technology it outsourcing challenges being taken care of and with better it outsourcing governance and laws. Companies are also likely to prioritize it processes outsourcing in terms of security giving rise to a new trend in the form of near shoring instead of outsourcing offshore.