Thomas F. Siems, senior economist at the Dallas federal reserve, said that offshore outsourcing results in overall economic gains in the long run. According to him, lower consumer prices, better products and higher productivity growth are among the benefits of outsourcing.

And while Siems recognized the negative effects of outsourcing, he advised that it would be better to accept the challenge of competition and resist protectionism.

Siems said, "Indeed, the secret to faster growth and greater prosperity lies in allowing individuals and businesses to do what they do best -- and outsource the rest." He added that global outsourcing makes companies become more dynamic.

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