In my visits with European clients the last couple of weeks it has repeatedly struck me that US services firms should have their salespeople move to London and Paris and Frankfurt for the next year or so - and sell "offshore services" delivered from the US. The weak dollar creates a huge opportunity. But only if the services are delivered remotely - resist the temptation to deliver on-site and run up large travel bills (and gulp at the flip effect of the massively weak dollar). And if firms (and their European colleagues) resist the opportunity to use it to merely increase margins.
Businessweek recently ranked the US as 21st in a survey of global outsourcing hubs. Viewed from a European client perspective, that is way low. I would put it (along with Canada) in the top 5 countries to consider for various ITO and BPO.
Yes, that would be Calcutta, W. Virginia...