Offshore Outsourcing Essay -- Outsourcing Economics Economy Essays

Offshore OutsourcingCurrently, it has been reported that many of our jobs, as much as angiotensin converting enzyme out of every three private-sector jobs are being sent overseas.What is offshore outsourcing? Outsourcing occurs when a firm subcontracts a business function to an outside supplier. Outsourcing is mainly the vector sum of companies who will always pursue the lowest-cost structure, which means less skilled work will move out of the U.S. to emerging economies. Many believes that this is a good thing, because animated standards around the world will rise, and workers in developing nations will get new and higher-paying jobs, and consumers in the U.S. will be able to buy products that are cheaper than if they were do at home. This paints a scenario where everyone seems to be at the winning end right? This expansion of labor has provoked many controversial debates questioning whether sending so many American jobs overseas is healthy for our economy.One side of the argument is that with the sudden increase in outsourcing high-technology and professional jobs, that we may be in risk of infection of being on the fast-track to becoming a third world country and that our position in the world as the lead economic power big businessman be in jeopardy.On the other side, people are arguing that even though offshore outsourcing forces our economy to suffer job outletes that it is plainly temporary and that the long term benefits will outweigh the short term suffering.The question is, just how serious for America, its workforce, and its economy is the shift? Many supporters for outsourcing defends the process, optimistic, referring to two decades ago, during the loss of auto jobs and other high-paying manufacturing jobs wh... ...hat this will help create win-win solutions and ensure that everyone benefits from a more competitive and healthier global economy.BibliographyMinoli, Daniel. Analyzing Outsourcing. 1995Johnson, Mike. Outsou rcing in brief. 1997Raynor, William. Outsourcing Jobs Off-Shore Short and Long-Term Consequences. 2003. The landed estate University of New York.http//www.newwork.com/Pages/Opinion/Raynor/Outsourcing%20Consequences.htmlKling, Arnold. Please, Outsource to My Daughter.2003. TCS Tech Central Station.http//www.techcentralstation.com/071403D.htmlSteidtmann, Carl. The Macro-Economic Case For Outsourcing.2003. A Deloitte Research Economic Brief. http//www.dc.com/researchMcKinsey Global Institute. Offshoring Is It a Win-Win Game? 2004.http//www.mckinsey.com/knowledge/mgi/reports/offshore.asphttp//www.rppi.org/offshoringwinwin.shtml