Anil Mundra quoted me in his recent article in the Global Post: “A new sort of offshoring.” Anil’s article focuses on the number of workers moving from relatively expensive countries (like the U.S.) to Argentina — where the U.S. dollar or the euro goes incredibly far.

On the face of it, the business model resembles the old-style
offshoring of labor to cheap markets in the developing world. But
there’s a major difference: Rather than outsourcing jobs to locals who
charge less, white-collar workers and senior managers are relocating to
a handful of developing countries where their own costs of living and
working are lower.

Argentina — and especially Buenos Aires — is one of the most
attractive places for this proposition, with its high level of
development and low cost of living. Buenos Aires was one of the world’s
most expensive cities a decade ago, before the Argentine economy
crashed and the peso was left badly devalued at the end of 2001. Today,
you can eat filet mignon or catch a taxicab across town for about $10.

Photo Credit: Bracani…Antonio