Service sector jobs are increasingly outsourced to lower-cost locations abroad. The globalEDGE Web site has various resources
Question:
Service sector jobs are increasingly outsourced to lower-cost locations abroad. The globalEDGE™ Web site has various resources that detail the nature and location of jobs that have been transferred abroad. Some experts believe the resulting foreign investment and increased demand in lower-cost countries will cause wages to rise in those countries, eliminating cost advantages from offshoring and narrowing the income gap between developed economies and low-cost countries. In other words, offshoring will help to reduce global poverty. Others believe that manufacturing jobs will be consistently moved to low-cost countries, making China and India the world’s center of innovation and production. What do you think? Find three articles on outsourcing at globalEDGE™ by doing a search using the keywords “global outsourcing” or “offshoring,” and write a report on the most likely consequences of these trends for your country, its workers, and consumers.
Step by Step Answer:
International Business and the New Realities
ISBN: 978-0136090984
2nd Edition
Authors: S. Tamer Cavusgil, Gary Knight, John R. Riesenberger