The collapse of Argentina's currency in January 2002 helped it become a very cost-effective global outsourcing destination. By 2004, Argentina emerged as a competitor to the Indian IT firms in the global outsourcing market, capitalising on a wide pool of educated, multilingual population, good telecom infrastructure and low wages. Buenos Aires began to compete with Bangalore for the 'most preferred outsourcing destination' tag
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Title from resource description page (viewed June 17, 2016)