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Write a 6 pages paper on the problem of outsourcing. Outsourcing may differ according to specific factors which measure the business’ ability to grow and maintain attention to its customers and stakeh
Write a 6 pages paper on the problem of outsourcing. Outsourcing may differ according to specific factors which measure the business’ ability to grow and maintain attention to its customers and stakeholders in terms of providing products and services through partnerships and joint ventures as well, and it is important for management to recognize that in this type of situation, effectiveness is multiplied by a shared vision between the companies that are working together.
The domestic economy has been restructured many times throughout history, and right now, there are new technologies based on computers and the global economy, as well as job outsourcing and the decline of manufacturing in the face of information and/or service economy. This has made new technological stratifications in the US that increase the gap between the rich and the poor, and have also moved the production and manufacturing sectors globally. The ongoing debate between protectionism and free trade has caused many problems in the forum of debate regarding outsourcing, especially with the relatively recent political polarization caused by pro- and anti-globalization advocates, and various resolutions have been attempted through various methods to seek a balanced trade policy that takes the arguments of both sides into account. Opponents of outsourcing tend to argue that prohibitive regulatory measures ultimately hurt the national economy, whether it be from further regulation internationally or by raising the prices of commodities. Those who favor deregulation state that regulations tend to lower a nation’s GNP because they inhibit trade with other countries. Regarding those who support regulation by stating that it protects national jobs, proponents of free trade, including outsourcing, would argue that those jobs lost to increased competition within a particular industry would be better kept through training programs and institutional reorganization to meet the new global economy, as well as .the new job markets that are often created by dynamic free trade players. .
