Who benefits from cheap dollar?
This week we faced the new stage in the decrease of US dollar currency. Stock market was influenced and international trade will shift one more time.
Analysts suppose that in this situation countries that use dollars as their second main currency can benefit from providing export services. It can be rather beneficial for countries that accept dollars for their outsourcing services.
As European countries and Japan loosing their export money and buy more cheap American import goods they need to think about lowering their costs of production. If to take the industry of web development as an example I believe that more and more Japan and European software developing and software distributing companies will outsource some parts of the development to such countries as Belarus.
This country has rather small chances to join the European union because of some political issues. This means that dollar will play a certain role for enough long period of time. More Java development companies can turn to qualified Belarusian computer programming service providers trying to save their economic positions. At the same time software developers from the new EU countries will loose their position as their costs will be not so competitive because of very strong euro. Here are my predictions for software development industry and IT outsourcing for at least the next 6 months.
