The possibility of outsourcing in the globalized world of today is no longer an if but a when.

In these days where oil prices are higher than they have ever been and rapidly increasing transportation costs make outsourcing a little less desirable in the manufacturing sector, detractors of the globalization movement are starting rejoice as a handful of manufacturing intensive firms start to reel in jobs that were previously outsourced to lower-cost countries.

But wait, it is manufacturing jobs that are being brought back into their countries of origin, or at least where they are geographically closest to the customer.

What about jobs outside of the manufacturing sector, say… the banking and financial sector? Apparently, outsourcing is reinventing itself as discussed in the article here – ( nytimes.com ).

Now, I am by no means familiar with the operations of Wall Street, but it does appear that the big names in banking and finance are beginning to emulate the past actions of the software development industry. It is perhaps time for some of the people on Wall Street to worry about job security.

So let’s see – India has made the transition from low-skilled manufacturing, to skilled industries such as software development, and now to analysis and research jobs. Meanwhile, the US is moving back to increasing labour-intensive manufacturing jobs. What next?

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