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Article: Outsourcing moves to Bangladesh; Tiny country rises as neighboring India gets too expensive.(News)
- Article from:
- Crain's New York Business
- Article date:
- December 17, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Samantha Marshall
bangladesh is becoming the new India--of outsourcing, that is.
As wages and other costs in India continue to escalate at rates as high as 15% a year, more New York companies are going next door to Bangladesh. The country may be known for having extreme poverty, horrific floods and a corrupt military government, but it also has a relatively high number of educated, skilled workers who speak English, work long hours and can design a killer Web page.
"Bangladesh is definitely emerging as the next center for outsourcing,'' says Lilach Nachum, a professor at Baruch College's Zicklin School of Business.
Wages in ...