The International Association of Outsourcing Professionals (IAOP) is a global network of over 110,000 executives involved in the outsourcing business. Michael Corbett founded the IAOP in 2005 and is the association’s current chairman. He was in São Paulo last week for the Brasscom Global IT Forum and IT Decisions caught up with him on the sidelines of the conference.
Corbett first explained how some of his pre-conference impressions of Brazil had been shattered:
“I had this perception before I came here that people think of Brazil as a developing economy and as a new offshoring destination. I think both of these perceptions are entirely wrong: if you look at some of the statistics we have been exploring in the past couple of days – Brazil is already the seventh largest economy in the world and will soon be in fifth place, and there is a very mature business environment,” he added.
“Brazil is going to develop as a leader in the world economy, as a course of new innovation, and a place that businesses want to operate and a lot of outsourcing will take place with that.”
Corbett used a biblical reference to explain how companies wanting to do business in Brazil are faced with a river of difficulties that they need to swim across.
“Brazil has some challenges, like everywhere. If brazil wants to get to the kind of volumes we see elsewhere then they will have challenges finding resource. Companies find it hard to navigate all the various issues when coming to invest in Brazil,” Corbett said.
“Compare that with China, where it’s a bit like Moses parting the Red Sea – they just sweep away the problems so investors can walk right in, but you don’t realise until the water closes behind you that there are a whole load of issues to deal with once you are in there,” he said.
Importantly, Corbett echoed one of the key messages that IT Decisions has been stressing throughout the entire conference: “Brazil should not try to replicate what has been done in other countries. They should engage the global economy in the place it is now.”
Photo by Altus licensed under Creative Commons