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Asia Competition Barometer Information technology services
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Over the past decade, Asia has rapidly grown in importance to the global economy. Its share of global GDP, measured in purchasing-power parity terms, increased from 26.8% in 2001 to 33.8% in 2010.2 By 2016, the Economist Intelligence Unit (EIU) expects this proportion to rise to 38.9%. There are three broad trends associated with Asia’s rapid growth and development that have been driving its IT services sector. The first is globalisation, and global corporations’ increasing appetite for outsourcing their internal functions to places such as China, India, Malaysia and the Philippines. This trend has lowered costs for these global corporations, spurred the growth of numerous Asian IT services firms, and raised the standard of living for thousands of IT services professionals in the region, who have seen their wages rise continuously.
NONE
Information Technology
English
2012
1-22
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