But the software industry boom and then the collapse of the mid 90s changed the entire meaning of outsourcing. With the bursting of the IT bubble in the mid 90s came the severe problem of thousands of highly qualified but unemployed IT professionals in various countries like India. Most of these professionals were rendered jobless due to severe downsizing and thus were forced to leave Silicon Valley. While most of these professionals left the Silicon valley after just a few years, a few left in the pink of their career. But what came as a blow to these people, came as a gift in disguise for countries like India. These software professionals were to become the backbone of the new IT revolution in the country.

The late 90s and the 21st century saw the rise of the IT industry again from its mid 90s slump. But with this rise also came in huge competition and this led to a price war. This price war as was expected led these companies to severe cost cutting measures and thus they began outsourcing work to foreign countries where the job could be done for much lesser a price than at home.

While IT industry led the way for outsourcing, other industries too have joined them in the party. Now airlines and railway companies too have started outsourcing their services to other foreign countries. Now it won't be a surprise if you are booking a ticket for your train journey on phone in UK and it is being handled by someone in India or Philippines. This way, by outsourcing job to a foreign country, the companies save a lot of money in taxation and also by getting the same results for a much lesser price.

Outsourcing is no longer the puppet in the hands of a few big companies but even small time coders and programmers or website owners too are outsourcing their jobs to foreign countries via the internet. With various websites where you can find skilled professionals for your job, outsourcing has truly become a tool available to everyone. The latest addition to the list of kind of outsourcing of jobs to foreign countries is web content writing and data entry. While the writers in the developed countries charge a lot of money due to the higher standards of living, the same quality or almost same quality is being delivered by writers from the developing countries at far lesser prices.

Whether outsourcing jobs to foreign countries have helped us or not but it has definitely filled the pockets of the corporate executives even further.

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