Offshore Outsourcing Essay - 1693 Words

Abstract This paper will discuss offshore outsourcing and the effects it has on the American worker in a technology environment. We begin with the scope of the problem and how it has changed the economy for better and for worst. Various figures representing miscellaneous data about off shoring will be represented. The topics include the background and nature of offshore outsourcing, reasons for outsourcing, why trading promotes gain, current economic standing from outsourcing, and finally how outsourcing affects wages and employment. In the summary various solutions and ideas are given to propose a change to the industry in hopes that the American worker will be more prosperous from an economic standpoint.Introduction†¦show more content†¦highly dependent on other countries. If those countries decide to cut the cord, there will be no product creating a loss. Many new proposed laws for 2011 are in the workings to minimize these issues, with regards as to how the gov ernment would like to handle them. Outsourcing in the near future will be focused on smaller projects while using more suppliers. A reduction in large contracts is the goal for many, which in turn will leave more opportunity for entrepreneurs and even larger organizations. The benefit is, more options will be available and the contracts can be closely manipulated for the good of others. Offshore Outsourcing in Technology with Regards to the American WorkerDisposition of Offshore Outsourcing The United States is one of the largest powers in the world when it comes to offshore outsourcing. However, many economists wonder if it is actually beneficial or destructive to the American workforce. One of the more predominant reasons outsourcing has become popular is due to overall savings of costs. These cost savings have proven to raise overall productivity, and have allowed everyone from small business owners to corporate giants to advance into the next generation of technology. Some economists classify offshore outsourcing as international trade between countries leading to a large profit margin for both parties included. Gregory Mankiw is an American Macroeconomist thatShow MoreRelatedOutsourcing And Offshore Outsourcing : Outsourcing1038 Words   |  5 PagesRunning Head: Outsourcing and Offshore Outsourcing 1 Outsourcing and Offshore Outsourcing Natasha Bing Grantham University Outsourcing and Offshore Outsourcing 2 Abstract (Greaver, 1999) proclaims that outsourcing is of a strategic nature and that the decision-makingRead MoreEssay on Offshore Outsourcing1661 Words   |  7 PagesOffshore Outsourcing Currently, it has been reported that many of our jobs, as much as one out of every three private-sector jobs are being sent overseas. What is offshore outsourcing? 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For exampleRead MoreEssay Offshore Outsourcing2552 Words   |  11 PagesHISTORY OF OUTSOURCINGnbsp;nbsp;nbsp;nbsp;nbsp;4 HOW IS IT POSSIBLE?nbsp;nbsp;nbsp;nbsp;nbsp;6 WHY DO WE OUTSOURCEnbsp;nbsp;nbsp;nbsp;nbsp;10 WHO ARE WE OUTSOURCINGnbsp;nbsp;nbsp;nbsp;nbsp;12 THE FUTURE OF OFFSHORE OUTSOURCINGnbsp;nbsp;nbsp;nbsp;nbsp;13 CONCLUSIONnbsp;nbsp;nbsp;nbsp;nbsp;16 BIBLIOGRAPHYnbsp;nbsp;nbsp;nbsp;nbsp;17 Introduction nbsp;nbsp;nbsp;nbsp;nbsp;Offshore outsourcing is not a new practice in the United States. Offshore outsourcingRead MoreOffshore Outsourcing Essay1447 Words   |  6 PagesOutsourcing is simply the farming-out of services to a third party. Offshore outsourcing is majorly used in IT related task for which internet plays a vital role along with work related to sales marketing, finance, human resource administration, etc. Quality and effective risk management are two integral parts of offshore outsourcing services. 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