Could publishers search for third world developer studios to reduce costs?

[Derek]

lightbleeder said:

I'm pretty sure there's a lot of good talent in Central and South America, Africa and Asia (India is often said to have great software developers).

So, since developing costs are becoming unsustainable to some publishers, could they educate and create development studios in underdeveloped countries in order to reduce the costs?

 

 I'm sorry, but this is quite possibly the worst idea I have ever heard of.