Outsourcing as a form of innovative development of international business

The article discusses the concept and essence of outsourcing. The definitions of outsourcing business processes and offshore outsourcing are given. The analysis of the volume of the global outsourcing services market, as well as factors that contribute to market growth or its containment are presented. The causes of offshoring trends are identified. Particular attention is paid to the advantages and disadvantages of outsourcing various types of activities or entire business processes.