Outsourcing enables developing nations to specialize and start new business
Thesis statement: despite the various benefits that outsourcing on the global economy such as creating jobs in developing nations and enabling outsourcing firms to be competitive, it is still got criticisms as it lead to loss of jobs in the local economies while facilitating the creation of “sweatshops”.
Outsourcing contributes to growth of economies of developing nations
Creates jobs
Increases people’s disposable income
Outsourcing enables developing nations to specialize and start new business
Reduces the cost of starting new businesses
Firms in developed nations focus on technological innovations
Outsourcing has ethical considerations
Loss of jobs in the domestic market
Encourages sweatshops in developing nations
PEST analysis of Colombian
Political landscape
Economic landscape
Social landscape
Technological landscape
………………………Answer preview…………………..
Outsourcing an efficient and effective way of reducing a firm’s operating costs. For this reason, most firms not only in the United States but across the world are outsourcing their products in order to remain competitive. Firms are taking opting to produce their products in developing nations mainly because of low labor costs……………………………….
APA
1513 words
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