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Wetherly and Otter: The Business Environment

Chapter 12

One of the main criticisms levelled at contemporary business practices in the globalized economy is the practice of outsourcing jobs. It is argued that multinational businesses are increasingly relocating from their domestic countries to take advantage of lower wage rates and lax worker rights in developing economies. This practice obviously has the repercussion of providing employment opportunities in developing economies at the expense of jobs in the western countries where multinationals have their origins. Is this trend entirely damaging, or are some benefits associated with it?

See:
http://seattlepi.nwsource.com/business/164018_outsource10.asp

http://www.businessweek.com/magazine/content/03_34/b3846027.htm

http://money.cnn.com/2004/03/30/news/economy/outsourcing/index.htm

http://www.newwork.com/Pages/Opinion/Raynor/Outsourcing%20Consequences.htm

http://www.lewrockwell.com/thornton/thornton20.html