BOSTON -- Outsourcing has been on the minds of chief investment officers as current market and regulatory challenges have pushed the practice to the forefront of the business world's focus, according to participants in a CIO roundtable discussion here at the National Investment Company Service Association's Technology Forum 2004.

Outsourcing jobs has been the subject of much controversy in the mainstream press, as opponents of the practice say sending jobs overseas and hiring low-wage earners in developing countries at the expense of the American worker only helps big business and leaves U.S. citizens out in the cold. While outsourcing doesn't have to occur outside of the country, it often does because in a number of overseas outsourcing locations, labor costs are often a mere fraction of what they are here. An increasing number of firms view American workers as expensive.

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