Outsourcing

Paper Summary:

This paper states that outsourcing is becoming an increasingly popular practice for both small and large businesses of today. Most businesses in the United States are currently outsourcing to different countries. The paper defines outsourcing and comments that this helps the economies of developing countries by providing more and more jobs to the countries' workers. The paper concludes that the American workforce is worried because more and more jobs are being given offshore and that America should think of this as an opportunity to develop more educated workers and develop new job descriptions in the future.

Outline:
Advantages of Outsourcing
Disadvantages of Outsourcing
Long Term Impact of Outsourcing in Business
Summary

From the Paper:

"Outsourcing has created a debate in the developed countries as to its long-term impact on business and in the economy.Businesses will always look for the lowest-cost situations in order to become more competitive and efficient. It is inevitable for businesses not to result to outsourcing. Less-skilled jobs are being outsourced to other countries with developing economies. This will help these countries' economies since outsourcing will increase their standards of living by being provided with jobs from the U.S. and the U.K. for their own workers. A long-term impact of outsourcing is the development of the economies of developing countries due to the influx of jobs for their skilled workers."

Sample of Sources Used:

• Outsourcing in Small Businesshttp://www.bizhelp24.com/small-business-portal/outsourcing-in-small-business-2.html
• William Raynoc. (2003). Outsourcing Jobs Off-Shore: Short and Long-Term Consequences. State University of New York.http://www.newwork.com/Pages/Opinion/Raynor/Outsourcing%20Consequences.html
• Michael J. Mandel. (August 25, 2003). Outsourcing Jobs: Is It Bad? Business Week On Line.http://www.businessweek.com/@@fwJQB4QQnbYv*BIA/magazine/content/03_34/b3846027.htm

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