Economic Melancholy

Lack of regional political stability followed by a series of protectionist measures and policies in regional economic blocks (e.g. EU) can have an even more serious impact on offshore IT outsourcing. This scenario, aptly called Economic Melancholy, puts the outsourcing industry and the firms in it, in a sense of despondency. This scenario could sound the death knell of the outsourcing industry, with all parties engaged in business within it, would not be able to reap the economic benefits, because of the socio-political environments they would be operating within.