The Advanced Institute of Management (AIM) has released an interesting Briefing Note:
Offshoring of business services and its impact on the UK economy (PDF, 36 pages) [Link removed, full story no longer available].
This report is worth a look, the main conclusions are:
- Business services provided 50% of the job growth in the UK over the last 20 years.
- The UK has a trade surplus in business services (the UK sells more services to other countries than they “offshore”).
- UK Business Services industries are experiencing continued job growth, job losses from outsourcing are small compared to total job creation in Business Services.
- UK productivity in Business Services has increased (caught up with US, France, and Germany) along with employment growth.
One very interesting aspect of this brief is that it has a tone indicating the UK should use offshore resources to further increase competitiveness with other countries.
AIM gets it.