An Assessment of the Competitiveness of Guangdong Province for Attracting Services Outsourcing
ABSTRACT
With the rapid development of economic globalization and the upgrade of international industrial structure, the offshore service outsourcing has become a significant tendency of modernization and globalization in the world service industry. In Guangdong Province, the service outsourcing industry has improved rapidly in this new adjustment of industrial structure. Implementing export-oriented and economic internationalization strategy, Guangdong Province, which has made tremendous effort to adjust and optimize the foreign trade as well as economic structure, enhanced the quality of foreign trade and economic development, improved the investment and trade environment, opened wider to the outside world. Hence, the service outsourcing industry in this province increases quickly. Nevertheless, the local service outsourcing industry not only faces the fierce competition from foreign countries, but also from other outsourcing cities in China. This paper discusses the competitive strength of Guangdong Province in service outsourcing industry, analyzes the principal factors that impact the improvement of local service outsourcing deeply. In addition, not only does this paper use the econometric methods for quantitative analysis, but also uses the EViews software to analyze different kinds of factors. And it raises some effective suggestions and policies to increase the development of Guangdong’s service outsourcing industry. I hope it is valid and useful for the future advancement of Guangdong Province in this industry.
Key words: service outsourcing industry; integrated environment; core technology industry; reserve of talents; policy support
