Offshore location decision and economic crisis (The case of Greece)

Abstract: Outsourcing is a trend that has penetrated many industries over the last years taking the form of offshore outsourcing in many cases. However the location decision that follows the offshore outsourcing or the offshoring decision is quite complex and almost impossible to be answered through a linear model. A series of frameworks have been developed attempting to facilitate the process above.The focus of this work is the analysis of the location decision making through the reflection of the existing literature and the example of a specific country, Greece. Greece is chosen as a dynamic environment where the recent economic crisis has provoked structural reforms at the country, affecting the attractiveness of the location. The analysis of country is based on an OECD recent survey while the comparison is made with the assistance of a specific location decision model.Based on the findings of this study, it can be claimed that the case of Greece is quite different compared to other countries at the past which have faced similar situations. Further the reforms that take place need more time in order to be projected and trigger the attractiveness of the location.