Thomas Friedman's Flat World meet academia. McKinsey Quarterly reports on the impact outsourcing will have on the global economy.
Outsourcing is here to stay, will continue to grow as more jobs can be digitized, this will increase per capita income in developing economies without "major discontinuities in overall levels of employment and wages in developed countries."
Of course that last statement is both macro in view (i.e. overall levels may not be impacted, but there will be individual winners and losers) and slightly optimistic.
The McKinsey Quarterly: Sizing the emerging global labor market