We’re five years into the new millennium, and the economic tides are changing. North American and European countries are going to have to concede one undeniable fact: India and China, by their massive population numbers alone, are rapidly becoming the next economic superpowers.

India and China — just two countries out of a planetary total of 193 sovereign nations — account for 2.4 billion of the world’s 6.4 billion inhabitants. That’s about 38% of the entire human race. That’s also a lot of people who are willing to work for less money. And Western companies know it.

Outsourcing On The Rise

Outsourcing to Asia and the Indian subcontinent has risen dramatically since 2000, with no end in sight. Studies indicate that China will experience 50% year-over-year growth for software outsourcing. The "Middle Kingdom," as it is known, already leads the world in terms of software manufacture, so it’s...