Globalization in Tech Development: The Shift From Offshoring to Nearshoring
Technological diffusion—the growth of technology across borders—is a key driver of technological globalization, which is directly linked with economic growth and higher standards of living. This also impacts the way businesses operate, as it paves the way for outsourcing key business functions. As corporations realized the role of technology in faster business transformations, they started rethinking their business processes with regard to sourcing and revenue models. Enter offshore software development