Is outsourcing beneficial to the global economy?

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Is outsourcing beneficial to the global economy? Why?

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? Best Answer

  • It’s only beneficial to the top 1%. while the other 99% get screwed. Middle class jobs and industries get shifted to third world countries. Workers get paid less and executives make an obscene salary.

  • Hi,

    Yes.

    Outsourcing opens opportunities to penetrate larger/international markets.

    According to a research on offshore outsourcing by the Congressional Research Service: During the 21 recession, U.S. employers were advised to take advantage of outsourcing overseas that would enable them to generate good quality produce at much lower cost. This just goes to show how offshoring helps in the global economic flow.

    As a matter of fact, helps the country to be more competitive. For example, in 29, over $6 trillion worth of goods and services were sold by U.S. multinationals in foreign countries where they outsource which was actually four times higher than the total of all exports that year.

    It helps countries prevent or recover losses by offering quality services at much lower cost, also helping other countries increase their revenue. It is technically a win-win situation.

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    Source(s):
    http://www.fas.org/sgp/crs/misc/RL32292.…
    http://www.forbes.com/sites/danikenson/2…

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