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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2641 |
Essay's paper body
Outsourcing promotes the economic theory of comparative advantage by allowing other countries to produce what they can make most efficiently.
Negative Aspects of Outsourcing
The negative side effects of outsourcing can include: job erosion and loss of wages in the origin country, displacement of these highly skilled workers, hidden costs and different business environments and cultural differences...
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There are many other criticisms of outsourcing such as; the strong public opinion against outsourcing for fear that it will damage the labor market in the origin country or the local market. In addition, the social responsibility and shareholders interests may not be taken into consideration. It is also damaging to customer service when it is difficult for customers to understand workers in the outsourced country...
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General points of the essay
comparative and absolute advantage
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Offshore outsourcing and it's economic impact on U.S.
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The Relativity Of Comparative Advantage Of Low Labor Cost And The Absoluteness Of Technological Advantagesthe Relativity Of Comparative Advantage Of Low Labor Cost And The Absoluteness Of Technological Advantages
Theory And Practice Of Outsourcing
Theory of Comparative Advantage
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comparative advantage
Explain why the theory of comparative advantage is the basis for international trade (mutual benefit from trade).
Gaining competitive advantage through outsourcing
Outsourcing Jobs causes negative economic effect
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