Consulting in Emerging Nations/The Offshoring of Consulting Projects

In emerging and mid-tier nations, the consulting industry has generally enjoyed good long-term growth, riding the economic ups and downs of important markets such as Brazil. This is not to say that such business is steady. For example, political upheavals, disruptions to trade and other problems can quickly delay or cancel proposed consulting projects.

Consultancies that do well in this global economic environment will be those that emphasize their ability to create cost-savings, boost foreign trade and investment, enhance efficiencies and deal effectively with government austerity programs or other dramatic changes in governmental goals and programs. In recent years, many types of consulting and accounting projects have been offshored to a growing extent. Initially, this was due to efforts by firms in North America and Europe that wanted to take advantage of the lower hourly fees charged by professionals in emerging nations. More recently, however, offshoring of such tasks has become necessary in order to conduct consulting projects in the growing nations where business practices must be applied. As multinational companies headquartered in the U.S. and elsewhere continued to open offices, factories and research facilities in nations such as India, Malaysia, Indonesia and China, consultants had to follow.

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Consulting in Emerging Nations/The Offshoring of Consulting Projects, Business and Industry Trends Analysis

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