With all the offshoring taking place, one concern is that US is losing its competitive edge. A recent analysis in Information Week seems to suggest otherwise. US is actually ranked number 1, and two big offshore providers India is ranked 34 and China 38.
If this study is to be believed, then off-shoring has no impact on competitiveness. One can even argue the opposite. US is focussed on innovation and taking advantage of global resources to produce what makes US competitive.