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2. What is the "great turnaround" with respect to offshore labor?

2. What is the "great turnaround" with respect to offshore labor?

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Offshore outsourcing and offshore labour has been practiced over various decades and has proven to be effective in reducing labour costs. This would ensure higher level of profit for the the first party when involving a third party to which it is sold or provided. The reduction in labor cost in turn lead to the great turnaround which causes profitable returns in various types of services and labor settings. It also usually has less strict regulations and mostly involves domestic products.

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