In a discussion with Yat Siu, I asked about the technology boom in China. In his view, China will overtake the US as the economic IT powerhouse of the 21st century in the next 20-30 years. This is a theme picked up by ZDNet although its timeframe is different. ZD Net paints a very stark picture.
All of which has extraordinary consequences for the profession. It means that you WILL be offshoring. It won't be optional because the services will exist with which to do that both economically and effectively.